Oil Prices Move Higher On Hopes Of Strong Chinese Demand ...Middle East

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Oil Prices Move Higher On Hopes Of Strong Chinese Demand
Crude oil prices started the day with a gain, rising modestly in Asian morning trade as the market assessed the risk of another rate hike in the United States and the supply limits OPEC+ agreed earlier this month. That early gain, which may well reverse later in the day, came after the first daily decline in prices after three weekly increases in a row. Reuters attributed the Monday decline to monthly U.S. jobs data released last Friday, which showed hiring was still strong and jobless rates were falling. This reinforced expectations of more rate…

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