Oil prices rise amid expectations of a sixth drop in US stocks

Oil prices stabilized in the first session of the new year, after an industrial report indicated that the US crude shares were shrinking. The interim “Western Texas” ruin trades near $ 72 a barrel, while Brent -Ruole exceeded the $ 75 threshold for the barrel. The US Petroleum Institute said the country’s shares fell 1.4 million barrels last week, according to a document seen by “Bloomberg”. If government numbers are confirmed later Thursday, it will be the sixth weekly decline in a row. The oil has been stuck in a narrow series since mid -October, as the West Texas West Texas ended unchanged in 2024, and Brent -ruol recorded a modest decline. Investors are preparing for the possibility of a surplus in the performance this year, the inability to predict the effects of a second presidential term for Donald Trump, and the economic recovery in China remains uncertain. “The risks that the pressure of the CRC could increase prices in the first quarter of the year, with the possibility of reaching between 75 and 80 dollars,” says Robert Rene, head of commodity and carbon research at Westpack Banking Corp. Harmic works in the Middle East and Ukraine continue to continue, and the conflict in one of the two regions can provide some short -term support for oil prices. Additional sanctions that disrupt the Iranian and Russian charges can also improve the demand for alternative supplies from the Middle East and other places. Economic recovery in China is still uncertain, although recent data indicates some signs of improvement. However, the rapid acceptance of vehicles working with renewable energy throughout the country is working to reduce the demand for gasoline.