Reported 10 months ago
Oil prices remained steady as traders considered potential risks for 2025, including abundant supply and uncertainties about upcoming U.S. policies under President-elect Donald Trump. West Texas Intermediate hovered around $71 per barrel, influenced by mixed market signals amid ongoing Middle East conflicts and concerns over Chinese demand. Analysts suggest that OPEC+ may have missed its opportunity to restore production levels due to anticipated oversupply and slowing demand.
Source: YAHOO