Brent tops $85/b threshold as supply vs demand gap narrows

01.12.2022

Oil prices rose by more than $2 on Wednesday on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery.

But the likelihood that OPEC+ will leave output unchanged at its upcoming meeting limited the gains.

Brent crude futures rose $2.34, or 2.82% to $85.37 per barrel by...