💨 Abstract

Oil prices increased by over $1 a barrel on Jan 1, 2025 due to optimism about China's economic growth and fuel demand, as President Xi Jinping pledged to promote growth. However, swelling US gasoline and distillate inventories capped gains. Brent crude settled at $75.93, up $1.29, while WTI crude settled at $73.13,

Courtesy: theprint.in

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