China
Oil prices advanced on Thursday.
The West Texas Intermediate for August delivery gained 1.16 dollars, or 1.75 percent, to settle at 67.54 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for September delivery added 1 dollar, or 1.46 percent, to settle at 69.52 dollars a barrel on the London ICE Futures Exchange.
Crude futures settle higher
The Chinese military has continued to conduct combat readiness patrols in the territorial waters of and airspace over the Huangyan Dao as well as the surrounding areas in the South China Sea since the beginning of December, the Chinese People's Liberation Army (PLA) Southern Theater Command said Wednesday.
The PLA Southern Theater Command said it has deployed naval and air forces troops to reinforce patrols and vigilance, further strengthening control and management over the relevant areas.
The move has effectively addressed various infringement and provocations, with an aim to safeguard China's sovereignty and security while maintaining peace and stability in the South China Sea, according to the PLA Southern Theater Command.
Chinese military conducts combat readiness patrols over Huangyan Dao
