US Oil: Improved Growth Prospects vs. Geopolitical Tensions ...Middle East

Key Highlights· Since the start of the year, crude oil has seen a 6.50% increase, with a 0.80% gain observed in the past week.· US oil prices have witnessed a significant rally during January, reaching their highest levels in nearly two months, driven by robust economic growth in the US and the anticipation of Chinese economic stimulus.· Geopolitical tensions in the Middle East, particularly around the Red Sea, have further supported prices due to concerns over potential supply disruptions.Economic DriversGlobal Economic Outlook: The International Monetary Fund has raised its forecast for global economic growth, positively impacting the outlook for both the U.S. and China. Thi

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US Oil: Improved Growth Prospects vs. Geopolitical Tensions ...Middle East

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