RIYADH: Oil prices reclaimed ground on Monday after tumbling more than $2 a barrel in the previous session as optimism from China’s reopening and oil demand recovery outweighed concerns of a global recession.
Brent crude futures rose 80 cents, or 0.95 percent, to $79.79 a barrel by 07.55 a.m. Saudi time, while US West Texas Intermediate crude was at $75.00 a barrel, up 71 cents, or 0.96 percent.
On Friday, news outlet Caixin…
