By Peter Nurse

Investing.com — Oil prices surged on Friday, adding to the previous session’s gains after news that China, the world’s largest importer of crude oil, has eased some of its restrictive Covid restrictions, possibly affecting the boosting demand prospects.

As of 09:05 ET (14:05 GMT), futures were trading up 3.1% to $89.15 a barrel, while the contract was up 2.8% to $96.30.

Chinese health authorities announced earlier on Friday that quarantine times for those entering the country would be shortened…

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