|
|
Oil gains as traders calculate positive impacts of China reopeningInternational benchmarks for crude oil settled higher on Monday, 20 February 2023 following a weekly loss as the market picked up a signal of demand recovery in China |
|
International benchmarks for crude oil settled higher on Monday, 20 February 2023 following a weekly loss as the market picked up a signal of demand recovery in China following the end of the draconian Zero-Covid policy. However, investors continue to keep an eye on the next FED interest rate meeting and the potential impact on the economy.
Brent for the April settlement added $1.07 or 1.3% to close at $84.07/barrel.
WTI is off for a holiday in the US.
