After China’s decision to reopen its borders improved the outlook for fuel consumption and eclipsed worries about a worldwide recession, oil continued to rise on Monday, rising almost 3%, as reported by Reuters.
Larger risk sentimentThe surge was a part of a larger upswing in risk sentiment brought on by the reopening of the world’s largest crude importer as well as expectations for less aggressive increases in U.S. interest rates.
By 1150 GMT, Brent crude had...
https://mfame.guru/oil-rises-3-on-optimistic-demand-as-chinas-borders-reopen/