Oil rises, heads for weekly gain in thin year-end trade
December 27, 2024
(Investing) – NEW YORK -Oil prices rose on Friday and were set for a weekly gain in low trading volume ahead of year-end, backed by expectations of lower U.S. crude stockpiles and hopes of a stimulus-driven economic recovery in China. Brent crude futures rose 44 cents, or 0.6%, to $73.70 per barrel by 12:45 p.m. EST (1745 GMT). U.S. West Texas Intermediate crude
