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Oil Moves Higher on China Stimulus, U.S.-Iran Tensions

Investors also await official weekly data on U.S. inventories

By

Christopher Alessi and

Christopher Alessi

The Wall Street Journal

Biography Christopher Alessi
@ChrisAlessiWSJ
christopher.alessi@wsj.com

Dan Molinski

Updated July 24, 2018 4:52 p.m. ET

Oil prices rose Tuesday on expectations China’s plan to boost government spending will keep global oil demand robust and on concerns simmering tensions between the U.S. and Iran may disrupt oil supplies.

Light, sweet crude for September delivery ended 63 cents, or 0.9%, higher at $68.52 a barrel on the New York Mercantile Exchange. Brent crude, the global benchmark, was up 0.5% at $73.44 a barrel.

China’s...

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