Oil rose for a second day after China, the world’s biggest importer, said it would take steps to revive consumption by boosting incomes.Brent crude climbed above $71 a barrel after advancing 1% on Friday, with West Texas Intermediate near $68. Beijing will also give details on policies to stabilize stock and real estate markets, lift wages and boost the nation’s birth rate, state-run news agency Xinhua reported.
Oil Prices Advances After China Lays Out Steps To Boost Consumption
