Reported 3 days ago
Oil prices increased on the first trading day of 2025 as investors, returning from holidays, looked toward China's economic recovery fueled by President Xi Jinping's growth initiatives. Brent crude rose to $75.10 a barrel, while U.S. West Texas Intermediate climbed to $72.21, amid cautious optimism about U.S. manufacturing activity and upcoming oil inventory data. Despite a promising demand outlook, challenges from potential trade tariffs and geopolitical risks remain.
Source: YAHOO