💨 Abstract

Oil prices stabilized at their highest since mid-October due to colder weather driving buying and expectations of tightened sanctions on Iranian and Russian oil exports. Brent crude futures reached $76.73 a barrel, while U.S. West Texas Intermediate crude hit $74.19. The increase in prices follows five sessions of gains due to anticipation of higher demand and stimulus for China's economy.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖