Oil prices continue to rise

Oil prices continue to rise

Oil prices continued to rise on Thursday, still benefiting from the prospects of a recovery in Chinese demand after the reopening of the country.

The barrel of Brent from the North Sea for delivery in March gained 1.02% to 83.51 dollars while its American equivalent, the barrel of West Texas Intermediate (WTI) for delivery in February, advanced by 0.98% to $78.17.

According to analysts, the market continues to benefit from the prospects of the easing of Chinese restrictions despite the strong accumulation of crude in the United States last week.

China lifted most of its health measures in early December, reopened its border with Hong Kong on Sunday and ended the mandatory quarantine for travelers from abroad.

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