Oil Prices Rise on China Growth Optimism and Strong US Demand ...Middle East

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Oil Prices Rise on China Growth Optimism and Strong US Demand
source : OILPRICE ( Middle East ) () 68
Crude oil prices were heading towards a weekly gain earlier today following an update from the World Bank on the growth prospects of the Chinese economy next year. Brent crude was trading at $73.18 per barrel at the time of writing, with West Texas Intermediate at $69.58 per barrel, after the World Bank revised upwards its GDP forecast for China for both this year and next. China itself issued an upward revision of its 2023 GDP growth, and it was a sizable revision, at 2.7%, which may have also helped fuel optimism about demand. Separately, the…

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