World oil prices rise as China eases COVID-19 restrictions

World oil prices rose on November 14 morning, as markets are reacting to news of China easing some coronavirus measures, Report informs.

The price of January futures for Brent crude rose by 0.28% to $96.26 per barrel, and December futures for WTI went up by 0.22% to $89.16.

Bloomberg reported that investors were optimistic about news such as China easing restrictions to combat COVID-19. They have hope for the restoration of the country's economic growth rates.

Later on November 14, traders will be waiting for the publication of the OPEC report, and the report of the International Energy Agency is expected on November 15.