Brent hovers between $85/b and $90/b thresholds

24.01.2023

Oil settled up about $1 a barrel on Friday and notched a second straight weekly gain as China's economic prospects brightened, boosting expectations for fuel demand in the world's second-biggest economy.

China's lifting of COVID-19 restrictions should bring global demand to a record high this year, the International Energy Agency (IEA)...