top of page

Oil Rising after China's Eases on Covid Restrains

Oil prices rose to three times during the week as China's latest easing of COVID-19 restrictions galvanized hopes for more fuel demand.Still,concerns about winter storms across the United States are affecting energy production continued to support prices.

The dollar softened after China said it would drop its restrains.AS already known, a weaker dollar makes oil cheaper for holders of other currencies.

Oil prices are also supported by concerns about supply due to winter storms in the United States.Moreover,Concerns over a possible production cut by Russia also contributed to oil price gains.


bottom of page