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Oil settled mixed on Monday after touching a seven-week high on optimism about a recovery in Chinese demand as the economy reopens. Brent settled 56 cents higher at $88.19 a barrel, while WTI settled 2 cents lower at $81.62.
Expectations of stronger Chinese fuel demand support crude prices, which feed into diesel and energy costs for feed production and transport.
reuters.comStephanie KellyJan 23, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
