Brent tops $78 as China struvles with bug re-entry


Oil pared gains after rising by over $1 earlier in the session, as declining optimism over a Chinese oil demand recovery capped support from supply disruptions.

Brent crude futures were up 62 cents, or 0.79%, to $78.61 per barrel by 1226 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained...