December 23, 2024

Oil heads for biggest weekly gain in 3 weeks as China’s stimulus boosts demand view

 Oil heads for biggest weekly gain in 3 weeks as China’s stimulus boosts demand view

Oil heads for biggest weekly gain in 3 weeks as China’s stimulus boosts demand view

Oil futures climbed on Friday as China’s recent economic stimulus measures helped brighten crude’s demand outlook and talk of additional sanctions on key producers tightened prospects for supplies.