Oil prices rose today, reversing earlier losses as the session turned more bullish on holiday travel in China. Bookings in China for trips abroad point to a continued recovery but numbers are still well below pre-Covid levels. “There’s a lot of optimism around Chinese holidays as it relates to jet fuel demand, the first genuine numbers on Chinese demand construction,” said Bob Yawger, director of energy futures at Mizuho. Chinese customs data also showed record imports in the month of March. Supply tightness owning to additional supply cuts is also helping lift prices. WTI traded up $0.89 or 1.1% to close at $78.76. Brent traded up $1.07 or 1.3% to close at $82.73.<\/p>\n\n\n\n
Oil prices rose today, reversing earlier losses as the session turned more bullish on holiday travel in China<\/p>\n","protected":false},"author":2,"featured_media":9320,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-9370","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-petroleum-daily"],"yoast_head":"\n