Oil prices rise on China stimulus hopes; Brent, WTI set for weekly gain

Quick Summary:

However, a stronger US dollar capped oil price gains.

US West Texas Intermediate crude rose 57 cents, or 0.8 per cent, from Thursday's close to $70.19.

Brent crude futures were up 60 cents, or 0.8 per cent, at $73.86 a barrel by 1105 GMT.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: BusinessFinance

Markets: IndiaChina

Topics: China stimulus Wti crude Oil demand Oil market Chinese economy Us crude inventories Oil prices Brent crude Weekly gain Economic recovery

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-27 @ 17:09:06 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 431 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24690688

View Article Analysis

About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 103 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

Frequently Asked Questions