Oil rebounds as China demand recovery optimism supports prices

reuters.com/markets/commodities/oil-rebounds-china-demand-recovery-optimism-supports-prices-2023-01-25

Crude oil prices rebounded on Wednesday as demand recovery hopes in top importer China following its exit from COVID-19 pandemic curbs provided support after prices dropped in the previous session on concerns about global economic growth.
Brent crude futures gained 59 cents, or 0.7%, to $86.72 per barrel by 0214 GMT after falling 2.3% in the previous session. U.S. West Texas…

This story appeared on reuters.com, 2023-01-25.
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