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NEW: Oil rises on rebounding Chinese demand

22 Sep, 2022 - 12:09 0 Views
NEW: Oil rises on rebounding Chinese demand

The Sunday Mail

Oil rose on Thursday after sliding 1 percent in the previous session on the prospect of higher Chinese demand and geopolitical risks.
Brent crude futures were up $1.09, or 1.21 percent, to $90.92 per barrel at 0815 GMT, while U.S. West Texas Intermediate (WTI) crude was up $1.11, or 1.34 percent, at $84.05,
Crude oil demand in China, the world’s largest oil importer, is rebounding, having been dampened by strict COVID-19 restrictions. – Reuters

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