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Oil prices rise to 2019 high as Libya civil war threatens supply – business live

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  • Oil prices rise to 2019 high as Libya civil war threatens supply – business live

    Fears of a slowdown in global demand have eased after stronger US jobs data

    9.44am BST
    Eurozone investor confidence has improved thanks to positive signs from China, according to the widely followed survey by Sentix.
    The headline Sentix measure rose to -0.3 points for April, the highest since November, after a reading of -2.2 points in the previous month.
    Economic observers are currently focusing their attention strongly on China. The signs in China are increasingly pointing to an upswing. Should there be an additional settlement in the trade dispute with the USA, the second economically robust region of the world economy, the European economy could also see a turnaround.
    9.33am BST
    Saudi Arabia’s oil minister, Khalid al-Falih, this morning suggested that further production cuts may not be necessary, given the increase in prices.
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