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Oil prices firm on China demand optimism

Por: CNBC Business January 26, 2023

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Oil prices rose 1% on Thursday on expectations that demand will strengthen as top oil importer China reopens its economy and on news U.S. crude inventories have risen less than expected.Brent crude futures rose 78 cents, or 0.9%, to $86.90 a barrel by 1046 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 75 cents, or 0.9%, at $80.90.China's reopening is supporting demand prospects, said UBS analyst Giovanni Staunovo.Also,... + full article



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