Brent Crude Hits Two-month High As China Lifts COVID Restrictions. Analyst Predicts $124/barrel Is Next. News Opener NewsOpener Stock Market


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Brent crude surged to levels not seen in two months on Monday, as easing COVID restrictions in China’s biggest cities drove fresh hopes for demand. U.S. markets will be closed on Monday in observance of Memorial Day. Read: Here are all the market closures for Memorial Day Price action West Texas Intermediate crude for July delivery CL.1, +0.31% CLN22, +0.31% rose 61 cents, or 0.5%, to $115.65 a barrel. On Friday , WTI climbed 0.9% to close at $115.17 a barrel on the New York Mercantile Exchange, the highest close for a front-month contract since March 11, according to Dow...