Oil prices increase due to China expectations of demand US inflation on the agenda
Oil prices increase due to China expectations of demand US inflation on the agenda. Oil gained about one cent on the day, aided by optimism about China's demand outlook , and hope that the upcoming inflation data in the United States will point to slowing growth in interest rates. The world's largest crude importer China is now reopening its market after the end of the strict COVID-19 restrictions, which has boosted optimism that demand for gasoline will rise in 2023. Brent crude gained 90 cents (or 1.1 percent in the last hour, rising to $83.58 at 1100 GMT and U.S.…