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  • Oil Prices Rise As China Optimism Grows Ahead of Lunar New Year

    Oil Prices Rise As China Optimism Grows Ahead of Lunar New Year0

    Oil prices rose further on Friday, and were set to end the week higher as optimism over an eventual recovery in Chinese demand this year largely offset fears that a global economic slowdown will dent crude markets. Markets are betting on a strong boost to the Chinese economy from the week-long Lunar New Year holiday,

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  • Oil Extends Gains on China reopening Hopes, Tightening Supply

    Oil Extends Gains on China reopening Hopes, Tightening Supply0

    Oil prices rose on Monday as markets bet that an eventual scaling back of COVID-19 measures in China will boost the country’s crude demand, while looming curbs on Russian oil shipments also appeared set to tighten supply Crude prices closed last week lower, but rallied sharply on Friday after China said it will loosen some

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  • OIL PRICES RISE TO NEAR $90 AS OPEC CUT LOOMS

    OIL PRICES RISE TO NEAR $90 AS OPEC CUT LOOMS0

    Oil Prices Rose Further On Tuesday As Markets Positioned For The Biggest Supply Cut By OPEC Since The 2020 COVID Crisis, With Weakness In The Dollar Also Helping. London-traded Brent oil futures, the global benchmark, rose 0.6% to $89.28 a barrel, while West Texas Intermediate crude futures rose 0.2% to $83.82 a barrel. Both contracts

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