Reported 1 day ago
Oil prices rose on December 24, reversing prior losses, supported by a positive short-term outlook despite low trading volumes before the Christmas holiday. Brent crude increased by 1% to $73.37 a barrel, while West Texas Intermediate crude rose by 1.1% to $69.98 a barrel. Analysts highlighted a potential supply disruption and signs of increasing oil demand, with China's planned issuance of 3 trillion yuan in treasury bonds likely providing further price support.
Source: YAHOO