Oil rises on China demand recovery hopes, likely unchanged OPEC+ output policy2 min read . Updated: 25 Jan 2023, 11:20 AM IST
- Brent crude rose 22 cents, or 0.3%, to $86.35 per barrel by 0501 GMT after falling 2.3% in the prior session. U.S. West Texas Intermediate (WTI) crude climbed 13 cents, or 0.2%, to $80.26 per barrel, after a 1.8% drop on Tuesday.
(Reuters) -Crude oil edged up on Wednesday as optimism for demand recovery in China and a likely unchanged output cut decision by major oil producers offset global recession worries.
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