• Oil edged higher as investors bet on stronger Chinese demand and as a weaker dollar made commodities more attractive for many buyers.
  • West Texas Intermediate rose toward $81 a barrel after ending little changed on Wednesday as US earnings rolled in.
  • The number of virus-related deaths and severe cases at hospitals in China is now 70% lower than peak levels in early January, authorities said late on Wednesday. That should set the stage for a recovery in mobility and fuel consumption in the biggest oil importer.
  • Crude also benefited from drop in the US currency, with a gauge of the dollar slumping to a nine-month low on Wednesday. The retreat — which makes raw materials cheaper for overseas buyers — has been driven by expectations that a pause in the Federal Reserve’s rate-hike cycle may be on the horizon.