💨 Abstract

Oil prices rose slightly on Tuesday but are expected to post their second consecutive annual loss due to stalled demand recovery, China's economic struggles, and increased production from the U.S. and other non-OPEC countries. Prices are projected to trade around $70 a barrel in 2025, as weak Chinese demand and surplus global supplies offset OPEC efforts to shore up the market.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖