News Snapshot:
By Peter Nurse Investing.com — Oil prices traded higher Tuesday, climbing to the highest levels in seven weeks, on hopes that China’s COVID lockdowns could soon be lifted, boosting demand from the largest importer of crude in the world. By 8:45 AM ET (1245 GMT), futures traded 0.3% higher at $112.10 a barrel, while the contract rose 0.3% to $114.62 a barrel, after climbing as high as $115.68 a barrel, its highest level since March 28. U.S. were up 0.3% at $4.0345 a gallon. Shanghai achieved its long-awaited milestone of three consecutive days with no new COVID-19 cases outside quarantine...
