Oil prices increased on Wednesday, following a report from OPEC in which it raised its expectations for Chinese demand growth for 2023. U.S. crude futures were traded at $72.19 per barrel, a rise of 1.21% from the previous closing price. Meanwhile, global benchmark Brent crude futures were traded at $78.24 per barrel, an increase of 1.11% from the previous settlement price.
Oil Prices Rise Following OPEC Report on China
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