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Al-Marsad Newspaper – Agencies: Oil prices rose by more than a dollar a barrel in early Asian trade today, Wednesday, supported by hopes for a recovery in demand in China as the country gradually eases some of the most severe restrictions to combat Covid-19.
Brent crude futures rose $1.15, or one percent, to $113.08 a barrel by 00:42 GMT.
The prices of West Texas Crude (American Intermediate Crude) futures also rose $1.62, or 1.4 percent, to settle at $114.02 a barrel, compensating some of its losses following prices fell by regarding 2 percent in the previous session, according to “Archyde.com”.
