This situation is related to the main importer of world crude oil, China, in spite of a context of weak earnings in this sector.

European Brent futures went up by 82 cents, representing 1.12 percent; thus, 74 dollars a barrel. In the meantime, U.S. West Texas Intermediate improved 72 cents, corresponding to 1.05 percent; in all, 68.99 dollars.

Both benchmarks fell 1.5 percent on Wednesday. The market is supported by data released earlier in the day that indicated Chinese refinery output rose 15.4 percent in May in comparison with 2022.

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