An assessment that China’s economy was in a steady pattern of growth and repair assessments on a North Sea pipeline system sent oil prices higher on Tuesday. China is the second-largest economy in the world behind the United States. Oil demand from China last month was 9 million barrels per day, the second highest on record. The World Bank said Tuesday that Chinese growth for the year should be around 6.8 percent, supported by improvements in household incomes and external demand. John Litwak, the lead bank economist for China, said economic planners have done a good job at coordinating a relatively balanced economy with little exposure to risk. “As a result, 2017 has been a […]