On the tail end of a rather dull week in oil markets, crude prices recovered on Thursday and Friday following the Trump administration’s announcement that the U.S. will move its embassy in Israel to Jerusalen. After sinking for much of the week, oil prices recovered slightly on Thursday and Friday. Analysts attributed the rise to tensions in the Middle East after the Trump administration announced the U.S. would move its embassy in Israel to Jerusalem, a move that was met with widespread protest in the region. Meanwhile, data from China showed strong crude import data for November – imports jumped above 9 million barrels per day, up from 7.3 mb/d a month earlier. Inclusion of Libya in OPEC deal insignificant . Saudi oil minister Khalid al-Falih seemed […]