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Oil rises on China demand optimism, Russian supply concerns amid sanctions

Por: CNBC Business January 12, 2023

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The oil and gas terminal at the Port of Odessa in Odessa, Ukraine, on Saturday, Jan. 22, 2022.Christopher Occhicone Bloomberg Getty ImagesOil prices rose in early trade on Thursday, building on gains in the previous session as China's demand outlook improves and concerns rise over the impact of sanctions on Russian supply. rose 50 cents, or 0.6%, to $83.17 per barrel by 0135 GMT, while crude also rose 50 cents, or 0.7%, to $77.91 per... + full article



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