Oil Jumps by 3 Percent as China Eases COVID-19 Curbs

Oil Jumps by 3 Percent as China Eases COVID-19 Curbs
The sun behind a crude oil pump jack in the Permian Basin in Loving County, Texas on Nov. 22, 2019. Angus Mordant/Reuters
Reuters
Updated:

LONDON—Oil prices jumped by about 3 percent on Friday after health authorities in China, the top global crude importer, eased some of the country’s heavy COVID-19 curbs.

Brent crude futures rose $2.86, or 3.1 percent, to $96.53 a barrel by 1145 GMT, extending a 1.1 percent rise in the previous session.