Oil settled higher after China eased lockdown measures
Oil settled higher after China eased lockdown measures
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.