Oil stemmed a string of losses as further signs of China’s economy reopening were weighed against a tough outlook for demand in 2023. West Texas Intermediate reversed an earlier decline to trade near US$75 a barrel. China eased a range of COVID restrictions on Wednesday, including allowing some home quarantine and scrapping certain test requirements. The world’s top crude importer was also said to be shifting focus to the economy, with a growth target of about 5 per cent under consideration. A softer dollar was also supportive for commodities priced in the currency. Still, optimism surrounding China’s move to loosen ... (full story)