NEW YORK:Oil prices rose on Monday on optimism that China would see significant demand recovery after positive signs that the country's coronavirus pandemic was receding in the hardest-hit areas.
Brent crude LCOc1 futures for July delivery rose $2.69 to settle at $114.24 a barrel, a 2.4% gain, while U.S. West Texas Intermediate (WTI) crude CLc1 rose $3.71, or 3.4%, to $114.20 a barrel.
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