WTI oil prices rebounded 0.7% to close at $83.49 as Chinese oil demand improved.

WTI crude oil contract Delivered in Nov. It was up 55 cents, or 0.7%, at $83.49 a barrel.

partBrent crude oil contract (BRENT) Delivered in Nov. It was up 63 cents, or 0.7%, at $90.46 a barrel.

Crude oil futures closed in positive territory after reports that China’s oil demand is showing signs of recovery After oil demand earlier fell due to the impact of Covid-19 lockdown measures.

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