Oil prices bolstered by Chinese refinery demand

Demand by Chinese refinery demands bolstered crude oil prices this week with gains of up to 8%. Nymex August West Texas Intermediate closed at $63.56 a barrel and ICE September Brent at $65.38 a barrel.

7-month high for oil prices

Oil prices finished at a 7 month high yesterday. Nymex July West Texas Intermediate closed at $66.31and ICE July Brent at $65.52.