Oil prices have increased, fueled by positive manufacturing data from China and rising geopolitical tensions, pointing to a cautiously optimistic outlook for crude demand.
China’s factory activity has expanded at its fastest pace in five months, suggesting that the government's stimulus measures are yielding results and potentially stabilizing oil demand.
While the ceasefire between Israel and Lebanon is fragile, the escalating tensions in Syria could pose additional risks of supply disruptions for the oil market.
Despite a positive start, both Brent and WTI benchmarks saw declines last week due to forecasts of an oil surplus in 2025, which has tempered market expectations.
Collection
[
|
...
]