Shares of energy companies ticked up as traders bet Chinese demand was poised to snap back.
Oil futures rose for the eighth straight session, closing above $80 per barrel for the first time since the start of the year, and continuing the longest winning streak since February 2021.
Chinese Vice Premier Liu He expressed optimism about the economic outlook at the World Economic Forum in Davos.
OPEC, however, left its forecast for global oil demand and global economic growth largely unchanged, warning China's reopening may be bumpier than observers anticipate.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-17-23 1657ET
