Oil Prices Climb As China Signals An Easing Of Covid Restrictions ...Middle East

Oil prices rose early on Thursday after China signaled an easing of its strict Covid policy, which has battered market sentiment in recent months. As of 6:46 a.m. ET on Thursday, WTI Crude prices were rising by 1.67% at $86.98, and the international benchmark, Brent Crude, was up 1.41% to trade at $93.72. China’s strict Covid measures could be partially eased, which could be supportive of oil prices. The Chinese city of Xi’an, for example, home to more than 13 million residents, has said it would implement Covid control measures only…

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