LONDON—Oil prices were mixed on Tuesday after China posted its second-weakest annual economic growth in nearly half a century, though its recent shift in COVID-19 policy underpinned hopes of a recovery in fuel demand this year.
Brent crude futures rose 69 cents, or 0.8 percent, to $85.15 a barrel by 0913 GMT.
U.S. West Texas Intermediate (WTI) crude was down 7 cents, or 0.1 percent, at $79.79, heading for the first daily loss since Jan. 4 after touching its highest since Jan. 3.
There was no settlement on Monday because of the U.S. public holiday for Martin Luther King Day.
China’s gross domestic product expanded 3 percent in 2022, missing the official target of “around 5.5 percent” and marking the second-worst performance since 1976, hit by COVID-19 curbs and a property market slump….