Oil prices are set for a weekly drop of more than 4%, but prices were getting some relief on Friday after news that China would ease COVID-19 rules for...
Oil prices were climbing on Friday after China eased some COVID-19 restrictions, with support for the commodity also stemming from relief surrounding U.S. inflation data that weighed on the dollar.Price actionMarket drivers Lifting hopes for a boost to demand for commodities... Oil prices were climbing on Friday after China eased some COVID-19 restrictions, with support for the commodity also stemming from relief surrounding U.S. inflation data that weighed on the dollar.
However, those measures came as Beijing shut city parks and moved classes online for students, amid a fresh wave of COVID-19 cases, while more than 5 million remain locked down in the manufacturing hub of Guangzhou.
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