NYMEX crude up in Asia after China Q1 data flurry, GDP supports

April 15, 2015 5:13 AM

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Investing.com - Crude oil prices retained gains in Asia on Wednesday as China's first quarter GDP met expectations even as other data from China on retail sales, industrial output, fixed asset investment fell below levels seen, though support from stepped-up fighting in Yemen and mixed industry data on U.S. supplies rounded the near-term picture to the upside.

The American Petroleum Institute said Tuesday that U.S. crude stockpiles last week rose by 2.6 million barrels, while distillate supplies eased 566,000 barrels and gasoline inventories fell 4.1 million barrels.

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