Thursday, June 4, 2026
Oil up more than 2% as weaker dollar offsets China COVID-19 concerns- oil and gas 360

Oil up more than 2% as weaker dollar offsets China COVID-19 concerns

CNBC Oil prices rose on Tuesday, recouping losses from the previous session, as a weaker U.S. dollar offset widening COVID-19 curbs in China that have stoked fears of slowing fuel demand in the world’s second-largest oil consumer.   Brent crude for January delivery rose $2.64, or 2.8%, to $95.45 a barrel. The December contract expired on Monday at $94.83 a barrel,