💨 Abstract
Oil prices rose about 2% on the first trading day of the new year, with Brent crude at $76.08 and WTI at $73.32, due to optimism about China's economy and fuel demand after President Xi Jinping's growth pledge. The rise was attributed to upbeat Chinese economic data, but concerns about Trump's tariffs and geopolitical risks also weighed on prices.
Courtesy: theprint.in
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