Oil prices edge higher on easing Covid curbs in China, firm dollar limits gains
NEW DELHI: Oil prices inched higher in Asian trade on Friday on hopes for further relaxation of Covid curbs in China, which could help demand recover in world’s second biggest economy, though a firmer US dollar capped gains.
Brent crude futures were up 20 cents or 0.23% at $87.08 per barrel by 0349 GMT, after earlier falling to $86.59.
US West Texas Intermediate (WTI) crude futures gained 6 cents or 0.07% to $81.28 per barrel, after slipping to $80.88 earlier in the session.
