Oil prices edged up on Thursday, building on gains in the previous session as China's demand outlook improved, though gains were limited ahead of upcoming inflation data from the United States.
Brent crude had risen 16 cents, or 0.2%, to $82.83 per barrel by 0442 GMT, while U.S. West Texas Intermediate crude also rose 13 cents, or 0.2%, to $77.54 per barrel.
Top oil importer China is reopening its economy after the end of strict COVID-19 curbs, boosting optimism that demand for fuel will grow in 2023.by 3.6% in 2022 from the previous year, the Ministry of Industry and Information Technology said, despite production and logistics disruptions from COVID-19 curbs.
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