Oil prices rose more than $ 1 a barrel in early Asian trading on Wednesday as hopes for a recovery in China’s demand were boosted as the country gradually eased some of its toughest anti-coronation restrictions.
Brent oil futures rose $ 1.15, or 1 percent, to $ 113.08 a barrel as of 00:42 GMT.
West Texas Intermediate (US average) crude futures rose $ 1.62, or 1.4 percent, to $ 114.02 a barrel, off after losing about 2 percent in mid-day trading, according to Reuters. Previously compensated. .
And the Chinese city of Shanghai met its long-awaited goal of not registering any new coronavirus infections outside of quarantine on Tuesday for the third day in a row outside the quarantine area, and on Monday scheduled to Permanent closure will last more than six weeks. .
US crude and gasoline inventories fell last week, market sources said on Tuesday, citing data from the American Petroleum Institute.
It is worth noting that the US government will release the inventory information on Wednesday.
Source: Lebanon Debate
