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Oil slipped on Monday but held near its highest levels of the month as easing COVID restrictions in China raised hopes for a demand recovery. Brent fell $1.08 to $84.20 a barrel intraday.
Hopes for Chinese demand recovery underpin crude prices, which affect energy and freight costs for feed supply chains.
reuters.comJan 16, 2023Not 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.
