China
Oil prices climbed on Wednesday.
The West Texas Intermediate for April delivery gained 11 cents, or 0.11 percent, to settle at 96.32 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for May delivery added 3.96 U.S. dollars, or 3.83 percent, to settle at 107.38 U.S. dollars a barrel on the London ICE Futures Exchange.
Crude futures settle higher
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 66 pips to 6.8975 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade System.
In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.
The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
Chinese yuan weakens to 6.8975 against USD Thursday
