Oil prices rise on China demand recovery expectations, supply concerns - CNBC

5/17/2022 12:00:00 AM2 years 11 months ago
by Reuters
by Reuters
Oil prices rose more than $1 a barrel in early Asian trade on Wednesday on hopes of demand recovery in China as it eases some of its Covid measures.
Oil prices rose on Wednesday on expectations that easing COVID-19 restrictions in China will boost demand and as supply concerns grew. Brent crude was up 0.65% at $112.66 per barrel, while U.S. West… [+2018 chars]
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