Crude oil markets have broken through a major resistance barrier this week, and therefore it looks like we are ready to continue the recovery of what had been an oversold market.
WTI and Brent pulled back Friday but the two benchmarks are set to post a weekly gain of more than 4%.
Oil futures pulled back Friday, but remained on track for strong weekly gains as a result of production outages in the U.S., strong economic data and concerns about shipping in the Middle East.
China's intervention in Iran-Houthi conflicts underscores its strategic role in global trade, with direct effects on crude oil markets.

Oil prices rise on US GDP print, winter cold snap

10:00pm, Thursday, 25'th Jan 2024
Oil (CL=F, BZ=F) prices tick higher following the release of the US fourth-quarter GDP print. Yahoo Finance Energy Reporter Ines Ferré touches upon the other factors, including harsh winter weather i
Oil prices eased in early trading on Friday, but were set to close higher for the week on positive economic data from the United States and China and a draw in U.S. crude stocks.
Houthis' attacks on ships and strong U.S. economic reports pushed oil prices towards 2024 highs.

How China Stimulus Will Affect Crude Oil

11:52am, Thursday, 25'th Jan 2024
Crude oil rises after U.S. inventories fall more than expected last week. Matt Smith discusses this, as well as the state of natural gas futures.
We remain optimistic about near-term prices for crude and advise investors to buy stocks like OII, HLX and SUN.
Crude oil markets are threatening a major breakout at the moment, and therefore we need to pay close attention to what's going on in both grades.
PBoC's MLF rate cut propels US and UK oil prices, with NG seeing a 1.36% rise amidst global economic shifts.
Oil futures rose Thursday, building on gains scored the previous session after government data showed a much larger-than-expected drops in U.S. crude inventories and production.
US crude inventory drop, China's reserve cut, and stable Middle East geopolitics bolster oil demand amid GDP anticipation.
Oil prices rose on Thursday after data showed U.S. crude stockpiles fell more than expected last week, while the Chinese central bank's cut in banks' reserve ratio reinforced hopes of more stimulus me
The bullish EIA report pushed WTI oil above the psychologically important $75.00 level.
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