Barley Risotto and Kimchi: A Culinary Crossroads| SaltWire #food #cookingshorts #kimchiBEIJING - Oil prices gained in early Asian trading on Tuesday, underpinned by signs of improved demand and escalating Middle East tensions that had sparked a rally in U.S. futures to a five-month high in the previous session.
Manufacturing activity in China and the U.S. expanded in March for the first time in six months and 1-1/2 years, respectively, which markets viewed as an indicator of rising oil demand. China is the world's largest crude importer while the U.S. is the biggest consumer. The front-month contract settled at $83.71 per barrel on Monday, the highest close since October 2023.
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