Oil Holds Losses as Investors Assess Outlook Clouded by Covid-19

Bloomberg Quint | Sep 7, 2021 at 7:14 AM
  • Brent oil edged higher following two days of losses with China posting an unexpected gain in export growth.
  • Chinese export and import growth in August exceeded estimates from economists surveyed by Bloomberg.
  • The robust trade data adds to a bullish outlook in Europe, where oil demand has rebounded following months of lockdowns due to the comeback of Covid-19.