Oil climbs on optimism over China's demand recovery - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Sunday, 18 December 2022

Oil climbs on optimism over China's demand recovery

Brent and WTI rose more than 3% last week as a Canada to U.S. pipeline remained shut with its operator TC Energy Corp focused on cleaning up an oil spill. The shutdown of the pipeline, with a capacity to send 622,000 barrels per day of Canadian crude to U.S. refiners, has supported prices for U.S. heavy crude grades.

from Commodities-Markets-Economic Times
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