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Oil prices rise 1% in thin pre-holiday trade

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Published24 DEC 24 - 14:51 Reading time  minutes

“The year is ending with the consensus from major agencies over long 2025 liquids balances starting to break down,” Neil Crosby, Sparta

Reuters, December 24, 2024 – Oil prices rose over 1% in thin pre-holiday trading, with Brent and WTI crude futures gaining on expectations of tighter supplies. Neil Crosby from Sparta noted a shift in consensus regarding 2025 oil balances, influenced by the U.S. EIA’s outlook and China’s fiscal stimulus plan.

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