Chinese crude imports grew annually for the first time in seven months in November, up more than 14%
SINGAPORE – Oil prices rose on Wednesday, with market participants expecting demand to rise in the world's largest crude importer, after Beijing announced a looser monetary policy to stimulate economic growth in China.
China said on Monday it would adopt "appropriately loose" monetary policy in 2025 as Beijing tries to spur its economy with the first easing of its stance in 14 years. "But price gains are still somewhat constrained, given that market participants still want to see more concrete details beyond the typical positive messaging," Yeap said.
China's policy changes, however, may not be able to counter any fallout from some of the trade measures proposed by President-elect Donald Trump, said Mukesh Sahdev, head of oil analysis at Rystad Energy.In the US, crude oil and fuel stocks rose last week, market sources said on Tuesday, citing American Petroleum Institute figures on Tuesday.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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