Oil Prices Surge Weekly on Positive China Stimulus Expectations Amid Global Market Optimism
Oil prices increased by nearly 1% on Friday, driven by hopes of an economic recovery in China, the world’s largest oil importer, and predictions of lower U.S. oil inventories. Brent crude was up to $73.86 a barrel, while West Texas Intermediate rose to $70.19. Analysts are anticipating a decrease in U.S. stockpiles, with forecasts suggesting ...
