• last year
Oil prices rose Tuesday as markets focused on rising Chinese demand and potential supply tightness in Europe this winter while geopolitical tensions in Syria eased. Support came from reports that China plans to "appropriately loose" monetary policy in 2025 to spur growth, marking its first policy easing in 14 years. Chinese crude imports grew annually for the first time in seven months, though analysts noted stockpiling, not demand, drove the increase. Syria's regime change drew minimal oil market reaction, as the Middle East's geopolitical risks appeared contained.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Oil prices rose Tuesday as markets focused on rising Chinese demand and potential supply
00:06tightness in Europe this winter, while geopolitical tensions in Syria eased.
00:11Support came from reports that China plans appropriately loose monetary policy in 2025
00:17to spur growth, marking its first policy easing in 14 years.
00:21Chinese crude imports grew annually for the first time in seven months.
00:24Low analysts noted stockpiling, not demand, drove the increase.
00:28Syria's regime change drew minimal oil market reaction as the Middle East geopolitical risks
00:33appeared contained.
00:34For all things money, visit Benzinga.com slash GSTV.

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