Commodities including oil surge after China eases some Covid restrictions

Commodities from oil to iron ore and copper jumped after China eased some Covid restrictions, raising hopes over a demand recovery in the world’s second-biggest economy. 
 

Almost all major commodities traded higher following China’s move to reduce the time that travelers and close contacts of infected people must spend in quarantine, a significant amendment of the Covid Zero policy. 

Oil futures in New York and London added as much as 3.6%, while iron ore traded in Singapore soared by 5.3%. Copper, precious metals and agricultural commodities all climbed. 

The China news strengthened a rally that began on Wall Street, with risk assets