An advance in oil prices on Thursday backed by investors uncertainty over OPEC+ intentions, whether they will conduct more supply trims or not on their upcoming meeting, with glimmered hopes from China that the loosened restrictions will enhance the oil demand.

Fed speak that gave hope for eased rates hikes was followed with a retreated U.S. dollar and reinforced crude support.

Brent crude rose by 0.5% to $87.41 per barrel while WTI advanced by 0.7% at $81.10.

Both gauges showed earlier drops for three weeks in a row.

The probability of a decreased price cap on Russian oil backed up the market as well, the EU countries are now geared towards reaching a price agreement before the 5th of December.

The changes in China’s policies to combat the virus contributed also in the elevation of the sentiments and bolstered hopes on the crude demand.