Oil rose as China took more steps toward unwinding its strict Covid Zero policy that has battered its economy, and freezing weather across the US prompted refinery closures in the key Texas Gulf Coast area. West Texas Intermediate prices climbed as much as 1.1% in early Asian trade. China will no longer subject inbound travelers to quarantine from early January, putting the country on track to emerge from three years of self-imposed global isolation. More than a third of Texas Gulf Coast refining capacity shut over the past few days, including the two largest plants in the US. Crude prices rallied last week after ... (full story)