Oil nudges higher after China opens borders, lifts fuel demand outlook

January 9, 2023

Energy futures for crude oil, refined products and natural gas have plummeted in the New Year as traders have reconsidered near-term worries over cold weather and fears of supply shortages and dumped contracts.

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The dollar showed strength as investors anticipated inflation data and central bank decisions this week. Oil prices increased due to ongoing US-Iran tensions, which raised

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