Brent close to $104/b as demand outlook gets better

13.04.2022

Oil prices climbed on Tuesday as Shanghai's relaxation of some COVID-19 restrictions eased concerns about Chinese demand and as OPEC warned it would be impossible to replace potential supply losses from Russia.

Brent crude futures rose by $5.51, or 5.6%, to $103.99 a barrel by 1343 GMT while U.S. West Texas...