Singapore, November 14 (QNA) – Oil prices rose on Monday, extending gains from the previous session, after China eased some of its strict COVID-19 protocols, fueling hopes of a recovery in economic activity and demand at the world’s top crude importer.
Contracts for Brent crude and US West Texas Intermediate edged up nearly 1% earlier in the session but later pared some gains.
Brent crude futures were last up 31 cents, or 0.3%, to $96.30 a barrel after settling up 1.1% on Friday.
US West Texas Intermediate crude futures were also up 23 cents, or 0.3%, at $89.19 a barrel after closing Friday’s session 2.9 % higher. (QNA)
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