Oil rises 1% to hit 1-week high on rising demand optimism in China, US; Brent nears $84/bbl
Brent futures last rose 40 cents, or 0.5 per cent, to $83.98 a barrel, while US West Texas Intermediate crude rose 46 cents, or 0.6 per cent, to $79.45. That put both benchmarks on track for their highest closes since April 30.