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Oil prices mixed after China stimulus move

Updated: Apr 22,2015 6:44 PM     english.gov.cn

1, Oil prices traded mixed on April 20 after China slashed bank reserves requirements to get credit flowing more easily in the world’s largest energy consumer.

2, China’s central bank announced on April 19 it was cutting the reserve requirement ratio, the amount of cash that commercial banks must hold in reserve, by one percentage point, the second such move this year to boost lending. The move took effect on April 20.

-- AFP on April 20