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Find all the economic and financial information on our Orishas Direct application to download on Play StoreAt the start of Asian trade, oil prices are higher against a background of mixed prospects. Indeed, Charu Chanana, Saxo Capital market strategist, said in a note that the outlook for oil demand may brighten as Beijing's official message returns to focusing on economic growth as a priority for 2023, despite unconfirmed reports of the increasing number of Covid cases and deaths in China.
For months, she adds, the United States is also beginning to rebuild its strategic oil reserves after running out of them. The Brent crude contract is up 1.6% to $80.31/bbl, while the first-month WTI contract is up 1.5% to $75.40/bbl.
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