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Oil settled higher after China eased lockdown measuresOil settled higher after China eased lockdown measures |
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International benchmarks for crude oil settled higher on Friday, 11 November 2022 after Chinese officials cut the quarantine period from previously 10 days to 8 days, sparking hope that the country would gradually lift lockdown measures and allow economic activities to recover quicker.
Brent settled up $2.32 at $95.99/barrel.
WTI gained $2.49 to settle at $88.96/barrel.
