The increase in oil prices due to China’s demand and OPEC+ production policy

Today, Wednesday, with growing optimism about improved demand from China and speculation about the decision of OPEC, not to change the trend of reducing production, concerns about the global economic recession faded, pushing oil prices higher in the markets.
Brent crude oil rose 22 cents, or 0.3%, to $86.35 a barrel after falling 2.3% the previous day. U.S. West Texas Intermediate (WTI) crude futures rose 13 cents, or 0.2 percent, to $80.26 a barrel after falling 1.8 percent on Tuesday.