Oil Updates — Crude edges up as China opens borders 

Follow-ups -eshrag News:

Mon, 2023-01-09 08:28

RIYADH: Oil prices edged up on Monday, a day after travelers streamed into China following a reopening of borders that lifted the fuel demand outlook and partly offset concerns of global recession. 

Brent crude futures had risen 90 cents, or 1.15 percent, to $79.47 a barrel by 07.55 a.m. Saudi time, while US West Texas Intermediate crude was at $74.67 a barrel, up 90 cents, or 1.12 percent. 

Both Brent and WTI tumbled more than 8 percent last week, their biggest weekly dives at the start of a year since 2016. 

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