Oil prices rose to $88 a barrel on Monday, extending last week’s gains on better prospects for key oil importer China on an expected economic recovery later this year.
Brent crude was up 42 cents, or 0.48%, to $88.05 at 1025 GMT, while West Texas Intermediate (WTI) U.S. crude was up 33 cents, or 0.4%, to $81.97 a barrel.
Last week, Brent was up 2.8% while the US benchmark was up 1.8%.
Asian trade was slower due to the Lunar New Year holiday, but analysts said that…
