Oil Prices Mixed on Chinese Data and Demand Growth Hopes
A view shows Chao Xing tanker at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia, on Aug. 12, 2022. Tatiana Meel/Reuters
LONDON—Oil prices were mixed on Tuesday after China posted its second-weakest annual economic growth in nearly half a century, though its recent shift in COVID-19 policy underpinned hopes of a recovery in fuel demand this year.
Brent crude futures rose 69 cents, or 0.8 percent, to $85.15 a barrel by 0913 GMT.
