West Texas Crude Oil Contract Delivered in December It traded on NYMEX plus $ 4.39, or 4.98%, at $ 92.56 a barrel. Brent crude futures were up $ 4.40, or 4.99%, to $ 98.61 a barrel.
The market was also positive at the news that China was considering easing its COVID-19 control measures. and could open the country in March 2023
Chinese economist Hao Hong The tweet states that Chinese authorities are forming a committee to consider opening up the country. and is reviewing COVID-19 data overseas to assess the situation if the country is open China aims to relax regulations to control COVID-19. In March 2023
At the same time, oil prices have been supported by the tense conditions on the oil market. and the fact that US crude oil inventories fell more than expected last week. This indicates an increase in the demand for oil in the United States.
