Oil rises on easing U.S. rate hike fears

Oil rises on easing U.S. rate hike fears
# 03 March 2023 09:29 (UTC +04:00)

Oil prices rose on Thursday, boosted by signs of a strong economic rebound in top crude importer China and easing worries of aggressive U.S. rate hikes, APA reports citing Reuters.

Brent crude futures settled at $84.75 a barrel, gaining 44 cents, or 0.5%. U.S. West Texas Intermediate (WTI) crude futures settled at $78.16 a barrel, rising 47 cents, or 0.6%.

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