Slowdown in Loan Growth may Dampen China’s Oil Demand

Financial markets strengthen in European sessions with bourses gaining almost +1% and WTI and Brent crude oil prices surging above 75 and 76 respectively. Investors anticipate encouraging US payroll addition in May. Concerning precious metals, gold price remains weak with front-month futures approaching 1200. Silver and PGMs change little and prices consolidate.

Tags: brent crude oil prices, china, financial markets, gold price, sessions, wti