WTI Oil Jumps Above $80 As China Scraps Covid Restrictions

WTI Oil Jumps Above $80 As China Scraps Covid Restrictions

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The U.S. benchmark oil price rose on Monday evening and early on Tuesday to above $80 per barrel after China announced on Monday a major easing of its Covid travel quarantine rules and after Winter Storm Elliott knocked offline around 1.5 million bpd of refinery capacity in the U.S. Gulf Coast. As…

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