Brent tops $87/b on China recovery hopes

23.01.2023

Oil prices rose on Wednesday to their highest since early December on optimism that the lifting of China's strict COVID-19 curbs will lead to a fuel demand recovery in the world's top oil importer.

Brent crude futures were up $1.12, or 1.30%, to $87.04 a barrel by 1352 GMT, while U.S....