Oil inched higher on renewed hope of revival demand in China
Oil inched higher on renewed hope of revival demand in China
International benchmarks for crude oil settled higher on the first trading day of the week, 19 December 2022 on the renewed optimism around China relaxing COVID-19 controls. However, the gains were capped by the lingering fear of a global financial recession.
Brent added 76 cents to close at $79.80/barrel.
WTI rose 90 cents to close at $75.19/barrel.