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

Written By Michael Gary Scott
Jan. 03, 2025 7:00 PM ETThe Energy Select Sector SPDR® Fund ETF (XLE), USOUCO, NBR, GASS, NRT, DBO, UNG, FCG, USL, PPIH, SCO, UNL, SRL, BNO, LTBR, AMRC, GEVO, MMLP, KOS, BOIL, KOLD, KNOP, GPRK, NEXT, GUSH, DRIP, POLA, USOI, NEXA, NOVA, CO1:COM, NG1:COM, CL1:COM, ARRY, MNTK, NRGV, FTCI, WAVE, IMPP, SUUN, ABAT, ZEO, SDST, CLMTBy: Carl Surran, SA News Editor
Data analyzing in commodities energy market: the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.

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

Crude kicked off the new year

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