Oil crept up Thursday after China’s central bank sought to stem the rising tide of pessimism over the country’s property market and the broader economy. Prices had fallen for the previous session on simmering concerns over the impact on fuel demand from a deepening property crisis that is stifling momentum in the world’s second-biggest economy and from the potential for further increases to U.S. interest rates, which crimp demand for goods and services. The latest rally in crude was also supported by a weaker dollar, which makes commodities priced in the greenback more affordable to buyers using other currencies. But … Continue reading Oil Prices Gain as China Takes Steps to Curb Economic Slowdown