Oil prices rose as much as 2% on hopes of China's reopening and as OPEC+ maintains output cut targets

Oil prices rose as much as 2% on hopes of China's reopening and as OPEC+ maintains output cut targets

Both futures have since pared gains, with Brent crude last trading at $86.12 a barrel, and U.S. West Texas Intermediate futures at $80.53 per barrel.

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