Oil prices touched its peak in 2 weeks on Tuesday post the release of dull Chinese economic figures that came beyond projections, prices are buoyed by bolstered hopes on the demand amid the latest eased Covid measures.

Brent crude futures edged up by 1.4% to $85.60 per barrel while WTI crude added 0.6% at $80.33.

China's GDP broadened by 3% for the previous year, which drifted away from the 5.5% target that records the second poor performance in almost 47 years.

The figures still trespass predictions post scraping the zero-Covid policy last month.

The data also manifested taht the China oil refinery output slipped last year by 3.4%.

On the other hand, China's oil imports for December added 4% with expectations of a bit of advance in the transportation fuel demand by the start of the Lunar New Year.

The market is currently anticipating OPEC'S report scheduled to release tomorrow which will highlight the demand status amid worries of slow economy.