Brent crude rose 10 cents to $82.83 a barrel at 0805 GMT, while U.S. West Texas Intermediate crude gained 15 cents to $78.91
“Investors expressed optimism that Chinese holiday travel would boost fuel demand in the world’s largest oil importer,” said Leon Li, an analyst at CMC Markets.
“Global oil demand, helped by the beginning of the U.S. driving season and Chinese economic revival, will pick up and scale new peaks,” said Tamas Varga of oil broker PVM. “OPEC+ production will remain subdued and could even deteriorate further.”
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