Physical oil market starts year with a rally on China demand, Russia sanctions
Crude oil prices in much of the world's physical markets have started the year with a rally amid signs of more buying from China after it eased COVID-19 restrictions and concern that sanctions on Russia could tighten supply.
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### Instruction: Physical oil market starts year with a rally on China demand, Russia sanctions

### Response: Crude oil prices in much of the world's physical markets have started the year with a rally amid signs of more buying from China after it eased COVID-19 restrictions and concern that sanctions on Russia could tighten supply.