Oil futures rise on hopes of recovery in China's fuel demand

Brent crude futures rose 66 cents

Oil prices rose on Monday after China rolled over liquidity measures to help its pandemic-hit economy, igniting hopes for a better fuel demand outlook from the world's top crude importer, Qazet.az reports.

Brent crude futures rose 66 cents, or 0.7%, to $92.29 a barrel by 0430 GMT, recovering from a 6.4% fall last week. U.S. West Texas Intermediate crude was at $86.17 a barrel, up 56 cents, or 0.6%, after a 7.6% decline last week.