Oil Updates — Crude edges up as China opens borders
RIYADH: Oil extended gains on Monday, rising about 3 percent after China’s move to reopen its borders boosted the outlook for fuel demand and overshadowed global recession concerns. Brent crude was up $2.55, or 3.25 percent, at $81.12 a barrel by 04.10 p.m. Saudi time, while US West Texas Intermediate crude rose $2.58, or 3.50…