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%.