News Snapshot:
Oil rebounds as China looks set to ease Covid-19 curbs Tokyo — Oil prices rose on Thursday, recovering from early losses, on hopes that planned easing of restrictions in Shanghai could improve fuel demand while lingering concerns over tight global supplies outweighed fears of slower economic growth. Brent crude futures for July were up $1.53, or 1.4%, at $110.64 a barrel at 4.47am GMT, after falling by more than $1 earlier in the session. US West Texas Intermediate (WTI) crude futures for June rose 93 US cents, or 0.8%, to $110.52 a barrel, recovering from an early loss of more...
