As traders return from the holiday break, crude oil futures could see improved prospects driven by optimism regarding a recovery in China's economy and increased fuel demand.
President Xi Jinping's commitment to growth-supportive policies in 2025 has led market participants to reevaluate the economic outlook, especially considering China's position as the world's largest oil importer.
Mixed economic data from China revealed concerns over factory activity growth, potentially limiting the pace of demand recovery; however, advancements in services and construction sectors indicate effective policy stimulus.
In the U.S., despite oil demand peaking at the highest levels since the pandemic, oil prices face short-term constraints due to rising global supply opposing OPEC+ stabilization efforts.
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