Brent Bounces Back From One-Week Low on Strong Bank Earnings

摘要

Brent oil rose Tuesday, turning higher afterhitting a one-week low, as strong bank earn-ings lifted markets and outweighed pressurefrom weak Chinese economic data.US crude outpaced Brent's gains as part ofan unwinding of the spread between the twomajor oil benchmarks, sending Brent's pre-mium to US oil down to less than $23 a bar-rel after it hit a record $28.10 on Friday.