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West Texas oil prices rose $2.70 as China eases lockdown.

West Texas Crude Oil Contract Delivered in July Trading on the NYMEX was up $2.70 to close at $122.11 a barrel. Brent North Sea Delivered in Aug. Up $3.01 to close at $123.58 a barrel.

China has announced the easing of lockdown measures in Beijing and Shanghai. After two months of enforcement to contain the spread of COVID-19