Oil rises on China demand hopes and supply concerns

Oil rises on China demand hopes and supply concerns

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Oil prices rose on Monday, buoyed by optimism over Chinese demand, continued production curbs by major producers and Russia's plans to rein in supply. Brent crude was up $1.08, or 1.3%, to $84.08 a barrel at 1445 GMT. U.S. West Texas Intermediate (WTI) crude for March, which expires on Tuesday,…

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