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Reading: Oil opens new year with strong gains on optimism over economic rebound in China

Business

Oil opens new year with strong gains on optimism over economic rebound in China

Last updated: January 4, 2025 5:43 am

By MT HANNACH

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Commodity Energy Market Data Analysis: Charts and Quotes Shown. WTI crude oil price analysis in the United States. Stunning price drop over 20 years. — SlavkoSereda/iStock via Getty Images

Crude oil futures rose for a fifth straight session on Friday to close the week near a three-month high, helped by optimism over the potential for further stimulus in China, the largest importer world crude oil.

Crude kicked off the new year