Global oil prices rise on first trading day in 2025

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Global oil prices rise on first trading day in 2025

Global oil prices started the first trading day in 2025 on a positive note as Brent and WTI prices surged. According to GlobalOil.com, Brent Crude and West Texas Intermediate (WTI) went up by 0.13 and 0.14 percent, respectively, at $76.03 and $73.25, at the time of filing this report. The market sentiment turned positive on expectations of stronger economic and oil demand growth in 2025. Thursday’s Brent Crude price is above the $75 per barrel o…

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Oil prices rise to kick off 2025, boosted by a stronger demand outlook

Oil futures began 2025 on a positive note, boosted by expectations for stronger demand. Article Attribution | Read More at Article Source The post Oil prices rise to kick off 2025, boosted by a stronger demand outlook appeared first on RocketNews.

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Cold Weather Demand, Positive China Stimulus Move Buoy Oil Prices

By Adedapo Adesanya Cold weather in Europe and the United States added to the positive development around economic stimulus in China to raise the prices f crude oil grades on Friday, January 3. Brent crude futures were up by 69 cents or 0.9 per cent to trade at $76.62 per barrel and the US West Texas Intermediate (WTI)

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Global Oil Prices Continue to Rise as Kenyan Shilling Remains Stable

The Central Bank of Kenya (CBK) has revealed that global oil prices have continued to rise. In its weekly bulletin published on Friday, January 3, CBK stated that international oil prices increased during the week ending January 2, 2025. According to the bulletin, the rise of global oil prices was mainly driven by high demand of oil in China and a draw-down of US oil inventories. “International oil prices increased during the week ending January…

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How are the strengthened US stocks and the cold wave that awaits Europe and the United States affecting the oil market?

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International oil prices rose again on Friday and finally managed to escape the corridor in which they operate since October, thanks to the beginning of the new year and the hope of a positive evolution in the relationship between the United States and China.In New York, the barrel of West Texas Intermediate (WTI) with maturity in February rose 1.13%, to 73.96 dollars.On its side, in London, the price of the barrel of Brent del Mar del Norte for…