Oil prices rose As China’s borders reopened and optimism grew Jan 08, 2023
Deltafx Admin 11 January 2023The price of black gold rose today following the reopening of China’s economic borders, as well as the softening of the Federal Reserve’s tone on interest rate changes and improved demand for oil.
China has reopened its international borders for the first time since 2020, signaling that the country plans a complete shift away from the policy of tight covid restrictions that have destroyed the country’s economic growth over the past three years.
As China’s borders reopened and optimism grew, oil prices rose while Federal Reserve concerns eased.
an 08, 2023 09:01PM ET)
The price of black gold rose today following the reopening of China’s economic borders, as well as the softening of the Federal Reserve’s tone on interest rate changes and improved demand for oil.
China has reopened its international borders for the first time since 2020, signaling that the country plans a complete shift away from the policy of tight covid restrictions that have wiped out the country’s economic growth over the past three years.
