Oil Steadies After Weekly Decline Driven by More Hawkish Fed
Oil rose after a weekly loss on hopes that a Chinese demand rebound is picking up pace following the end of Covid Zero, outweighing hawkish signals from the Federal Reserve.
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### Instruction: Oil Steadies After Weekly Decline Driven by More Hawkish Fed

### Response: Oil rose after a weekly loss on hopes that a Chinese demand rebound is picking up pace following the end of Covid Zero, outweighing hawkish signals from the Federal Reserve.