Reported 2 days ago
Oil prices have increased as signs emerge of a gradual recovery in China's economy, with Brent futures around $72 a barrel and West Texas Intermediate above $68. This comes ahead of an OPEC+ meeting where traders anticipate discussions on supply adjustments, which have been delayed by four days. November showed an expansion in China's factory activity, reflecting positive trends following recent stimulus measures. Despite the slight uptick in oil prices, they remain within a narrow trading range, influenced by geopolitical factors and the overall market balance.
Source: YAHOO