World oil price increased on January 17, thanks to the prospect of a recovery in demand in China.
Light sweet oil price West Texas Intermediate (WTI) for February delivery rose 32 US cents, or 0.4%, to close at $80.18 a barrel in New York.
Brent crude for March delivery rose 64 US cents, or 0.75%, to $85.92 a barrel in London.
[Phiên 16/1, giá dầu châu Âu đi xuống nhưng vẫn ở mức cao]
China, the top oil importer, is reopening its economy following the end of the period of implementing restrictions to control the epidemic. COVID-19boosting hopes of higher oil demand.
Analysts said purchases crude oil China’s recent surge in road traffic has boosted confidence that energy demand in the world’s second-largest economy will bounce back strongly, following the government reopened borders and loosened restrictions. loosen COVID-19 control measures.
In the last week, the price of WTI oil increased by 8.3%, while the price of Brent oil increased by 8.5%.
Le Minh (VNA/Vietnam+)