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Oil gained nearly 2% on hope over Chinese demand recoveryInternational benchmarks for crude oil settled nearly 2% higher on Tuesday, 28 February 2023 as investors expected economic activities in China to rebound |
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International benchmarks for crude oil settled nearly 2% higher on Tuesday, 28 February 2023 as investors expected economic activities in China to rebound visibly in February, fueling hope for stronger demand recovery at the world’s second-largest economy.
Brent for April delivery added $1.44 or 1.8% to settle at $83.89/barrel.
WTI gained $1.37 or 1.8% to close at $77.05/barrel.
