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LONDON:Oil prices were mixed on Friday as news of President Donald Trump s plans to ease the US coronavirus lockdown to get the American economy moving again were quickly overshadowed by China s worst quarterly economic contraction on record.Brent rose by $0.5, or 1.8%, to $28.32 a barrel by 0954 GMT. However, US crude for May delivery tumbled b
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air max 2023 the level required for many producers to cover their costs.The extent of the US crude decline was attributable to the imminent expiry of the May contract, on April 21, and fast-filling crude storage. The more active June contract was up $0.29, or 1.1%, at $25.82. The market knows that US crude stocks will fill very rapidly ... as refinery runs continue to be cut tremendously, said Bjornar Tonhaugen, head of oil markets at Rystad Energy.The hobbling of China s economy, meanwhile, was highlighted by data showing that GDP shrank 6.8
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