London-traded rose 1% to $92.50 a barrel, while rose 1.2% to. $85.81 a barrel by 20:49 ET (00:49 GMT) Both contracts were recovering from three consecutive weeks of losses. Oil prices plummeted from highs hit earlier this year, as lockdowns in China, coupled with rising inflation and interest rates severely dented the outlook for demand this year. But global oil demand is expected to benefit going into winter, with high natural gas prices pushing more countries to adopt oil for heating purposes.Read Long Article
