Daily Market Report

Oil prices rose for the fourth straight week as US sanctions on Russian producers tightened supply. Rising shipping costs, cold-weather kerosene demand, and potential Federal Reserve interest rate cuts further boosted the market. Supply concerns around Trump’s policies on Iran and Venezuela add uncertainty, while China’s growth data offered mixed insights.

Oil prices steadied after hitting multi-month highs driven by U.S. sanctions on Russia and unexpected crude stock declines. Tightened global supply contrasts with OPEC+ caution on raising output. Demand grows for festive travel in India and China, while the market braces for a projected supply surplus of 750,000 bpd in 2025.

Crude oil prices edged higher, supported by a reported decline in US inventories and tightened tanker supply following new US sanctions on Russia's fleet. Freight rates spiked due to strong tanker demand, while geopolitical tensions fueled concerns over disrupted Russian exports. Analysts forecast price volatility amid uncertainties in China's oil demand.

Oil prices are climbing, with Brent crude reaching $80 a barrel amid fresh US sanctions on Russian producers and tankers. These sanctions, targeting 25% of Russia’s crude exports, are expected to disrupt global markets. Indian refiners are seeking alternative suppliers in the Middle East and Africa to offset potential shortfalls.

Crude oil prices have hit a 3-month-high, fueled by new US sanctions on Russia targeting its oil exports. Brent crude surpassed $81 per barrel, while WTI reached $78.03. These sanctions are expected to impact global oil supply, pushing nations like India and China to rely more on OPEC+ and US suppliers. Experts predict Brent prices may rise above $85 if Russian output drops further.

Crude oil prices rose slightly, driven by cold weather demand and reduced supplies from Russia and Iran. U.S. crude inventories dropped, boosting refinery activity, while India's imports increased, shifting focus to Middle Eastern sources. Global sanctions on Russia and Iran and robust U.S. production continue to shape the petroleum market dynamics.

Oil prices rose on Saturday, driven by cold weather in Europe and the US, alongside China's economic stimulus measures. Brent crude closed at $76.51 a barrel, up 0.8%, while WTI settled at $73.96, up 1.13%. For the week, Brent gained 2.4%, and WTI climbed nearly 5%, marking their highest levels since October.

Oil prices hit a two-month high as governments aim to revive economic growth, raising fuel demand expectations. Factory activity remains soft globally, but anticipated interest rate cuts and China's proactive policies may boost consumption. India’s crude oil imports shifted focus to Middle Eastern and African suppliers as Russian imports declined.

Crude oil futures rose slightly after China's optimistic economic outlook for 2025. However, India’s petroleum exports dropped sharply due to weak global demand, domestic consumption, and logistical challenges. Rising crude oil prices and geopolitical tensions add to market volatility.

Oil prices in 2024 showed remarkable stability despite trader pessimism over China’s demand and concerns over supply disruptions. Brent crude and WTI are closing near their starting-year levels. While China's demand growth may peak soon, India and Southeast Asia emerge as key growth markets.

Crude oil prices moderated on December 30 amidst low-volume trading due to the ongoing year-end holidays. All eyes are on economic data from China and the USA. Brent Crude futures fell by 6 cents, touching $74.11 per barrel. Similarly, US West Texas Intermediate (WTI) declined by 8 cents, reaching $70.52 per barrel. MCX Crude oil prices opened at 6060, with a gain of 0.41%.

Oil prices showed minor fluctuations, poised for a weekly rise as China's economic recovery fuels optimism. U.S. crude inventories dropped less than expected, indicating weaker demand. OPEC+ and EIA forecast slower demand growth in 2024.