Oil rose for a second day on signs of further easing of China’s strict Covid-19 restrictions and as a key US pipeline remained shut.
West Texas Intermediate rose toward $74 a barrel after closing 3 percenthigher on Monday, the first gain in seven sessions. China’s ambassador to the US said the nation will continue relaxing its curbs and will welcome more international travelers soon, lifting demand hopes in the world’s top oil importer.
Crude is still on track for its first back-to-back quarterly decline since mid-2019 on concerns about the global economic outlook, with thin liquidity in the oil market exacerbating price swings. Investors will be watching a reading on US consumer prices later Tuesday for clues on the path of monetary policy.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Queues form at fever clinics as China wrestles with COVID-19 surge(1st UPDATE) China is ill-prepared, analysts say, for a wave in COVID-19 infections that could heap pressure on its fragile health system and drive businesses to a halt
Baca lebih lajut »
Queues form at fever clinics as China wrestles with COVID-19 surgePeople queued outside fever clinics at Chinese hospitals for COVID-19 checks on Monday, a new sign of the rapid spread of symptoms after authorities began dismantling an apparatus they used to surveil residents and curtail movement.
Baca lebih lajut »
China retires major COVID-19 tracking app as virus rules easeChina said Monday it would retire an app used to track travel to areas with COVID-19 cases, a milestone in the country&39;s rapid turn away from its zero-tolerance coronavirus strategy.
Baca lebih lajut »
‘Please protect yourself’: China wrestles with COVID-19 surgePeople have queued outside fever clinics at China’s hospitals to check if they had COVID-19, a new sign of the rapid spread of symptoms after authorities began dismantling stringent measures against the disease. | Reuters
Baca lebih lajut »
China: Tracking COVID cases now 'impossible' as infections soarThe true scale of COVID-19 infections in China is now "impossible" to track, the country&39;s top health body said Wednesday, as officials warned of a rapid spread in Beijing after the country abruptly dropped its zero-tolerance policy.
Baca lebih lajut »
China stops publishing asymptomatic COVID cases, reports no deathsChina’s National Health Commission will stop reporting new asymptomatic COVID-19 infections, as many people without symptoms no longer participate in testing, making it hard to accurately tally the total count, it said. | Reuters
Baca lebih lajut »