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Oil rebounds
January 9th, 2023 - 08:38 GMT

Oil prices rebound on China demand optimism

Oil prices rose on Monday, recovering a measure of recent losses as investors bet that an economic reopening in China and a less hawkish rhetoric from the Federal Reserve will help spur a recovery in crude demand this year. "It looks like the oil rally has been driven by the news that China reopened its borders to travelers over the weekend," said Colin Cieszynski, chief market strategist at SIA Wealth ...
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