| Oil prices edged up on Tuesday on hopes of more economic stimulus in China after disappointing data from the world's No.2 economy. China's consumer inflation weakened more than expected, to 1.2 per cent year-on-year in May, raising concerns about growing deflationary pressures as the economy cools. Its producer prices fell for the 38th straight month.
"The weak data continues to point out the sluggish demand in the real economy. The government should roll out more easing measures to lower the real financing costs to boost growth," said Yu Yafang, macro strategist at Huachuang Securities in Beijing...............................................Full Article: Source
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