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Oil jumps by over 2% as China eases COVID curbs

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Oil prices jumped more than 2 percent on Friday after health authorities in China, the top global crude importer, eased some of the country’s heavy COVID curbs.
Brent crude futures rose $2.39, or 2.6 percent, to $96.06 a barrel by 0745 GMT, extending a 1.1-percent rise in the previous session.
U.S. West Texas Intermediate (WTI) crude futures gained $2.24, or 2.6 percent, to $88.71 a barrel, after climbing 0.8 percent in the previous session.
The easing curbs include shortening quarantine times for close contacts of cases and inbound travelers by two days, as well as eliminating a penalty on airlines for bringing in infected passengers.

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