Reported 1 day ago
Oil prices increased as tighter supplies from OPEC and Russia combined with higher-than-expected US job openings hinted at stronger economic activity, leading to a potential rise in oil demand. Brent crude reached $77.33 a barrel, while West Texas Intermediate hit $74.65. Despite past production increases, OPEC output fell again in December, and analysts predict a general decline in oil prices for 2025 due to anticipated production boosts from non-OPEC countries.
Source: YAHOO