Oil settles up more than 1% on China demand outlook, second weekly gain2 min read . Updated: 21 Jan 2023, 05:59 AM IST
- Many traders believe it is highly likely that we are going to see higher demand coming from China as it continues to dismantle its COVID policies
Oil settled up about $1 a barrel on Friday and notched a second straight weekly gain as China's economic prospects brightened, boosting expectations for fuel demand in the world's second-biggest economy.
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