Reported 14 days ago
Oil prices rose nearly 2% on Tuesday following China's announcement of its largest stimulus package since the early pandemic, sparking optimism for increased demand. West Texas Intermediate jumped above $71 per barrel while Brent traded over $75. This move comes as China's economy struggles with deflation and a weak real estate market, impacting global oil dynamics. Although prices saw volatility this month due to various geopolitical tensions and production considerations, analysts predict further declines in gasoline prices in the coming months.
Source: YAHOO