![Oil rises on limited supplies and optimistic demand revival in China](https://market-tracker.in/wp-content/uploads/2022/12/IMAGE_1647669230-1.jpg)
Oil rises on limited supplies and optimistic demand revival in China
Early Asian trade on Thursday saw a sharp increase in oil prices, driven by signals of tighter supply and hope for a resurgence in Chinese demand. Brent oil prices were up 5 cents, or 0.06%, to $87.02 per barrel, while U.S. West Texas Intermediate crude futures were up 16 cents, or 0.2%, to $80.71. A…