Reported 3 days ago
Oil prices increased at the beginning of the new year as reports indicated a continued decline in US crude stockpiles. Brent crude reached near $75 per barrel while West Texas Intermediate was above $72, following a report showing a drop of 1.4 million barrels in inventories. Despite ongoing geopolitical tensions and a potential supply glut, analysts expect upward risks for oil prices in the first quarter of 2025.
Source: YAHOO