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Al-Marsad Newspaper – Agencies: Oil prices rose due to an expected recovery in demand in China, with the second largest economy in the world easing strict restrictions imposed to contain the Covid-19 pandemic, and amid doubts that the increase in production targeted by OPEC + producers will ease the tight supply.
Brent crude futures rose 76 cents, or 0.6%, to $120.27 a barrel at 0413 GMT. US West Texas Intermediate crude futures also increased 83 cents, or 0.7%, to $119.33 a barrel.
It reached a 3-month high of $120.99 on Monday.
