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Oil ends the week in positive territory with an eye on China and the USA

December, 27 2024

Oil prices rose moderately on Friday, ending the week with positive dynamics due to expectations of stimulating measures for the Chinese economy, the world's largest oil importer. Additional support for the market was provided by data on a decrease in oil reserves in the United States. According to estimates by the American Petroleum Institute, inventories decreased by 3.2 million barrels, exceeding the forecast of analysts who expected a decrease of 1.9 million barrels.Brent crude futures ... Read More

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