Oil prices News

Xi Jinping's Economic Optimism Fuels 1% Surge in Oil Prices

Crude oil prices rose by more than 1% in early 2025 following China's President Xi Jinping's positive economic outlook, predicting a 5% GDP growth for 2024 and plans for proactive ...

Surge in Oil Prices: A 1% Increase Driven by Shrinking US Inventories

Crude oil prices increased by over 1% following the EIA's report of a 4.2 million barrel decrease in US commercial crude oil inventories. The Baker Hughes rig count remained stable...