Reported 1 day ago
Oil prices experienced a slight increase early on Wednesday as anticipation grew for rising demand in China following its announcement of a looser monetary policy aimed at boosting economic growth. Brent crude futures rose to $72.29 a barrel, while U.S. West Texas Intermediate crude reached $68.68. Although China's policy adjustment could prevent further declines in oil prices, analysts believe it may not provide significant support until broader market conditions improve.
Source: YAHOO