Oil prices edge higher on relaxed China COVID curbs, tight supplies

Brent crude LCOc1 futures were up 19 cents, or 0.2%, at US$119.70 barrel at 0050 GMT. U.S. West Texas Intermediate (WTI) crude CLc1 futures were up 25 cents, or 0.2%, at $118.75 a barrel. The benchmark hit a three-month high of $120.99 on Monday.

SINGAPORE: Oil prices inched higher on Tuesday on expected demand recovery in China as it relaxed tough COVID curbs and doubts a higher output target by OPEC+ producers would ease tight supply.

Brent crude LCOc1 futures were up 19 cents, or 0.2%, at US$119.70 barrel at 0050 GMT.