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Institution: Oil trading is light, traders follow the outlook for 2025
Jinshi data on December 30th, according to institutional analysis, with traders following the oil market risks in 2025, including supply conditions and the unpredictability of the upcoming Trump administration in the United States, oil prices remain stable. After WTI crude oil rose 1.6% last week, it remained above $70 per barrel in light trading, and Brent crude oil prices approached $74. It is widely expected that the market will be oversupplied next year, which may make it more difficult for OPEC and its allies to recover idle production. The price of crude oil has been falling this year, and crude oil trading has been in a narrow fluctuation since mid-October. The market has been impacted by bullish and bearish signals, including ongoing hostilities in the Middle East and concerns about demand from the world's largest oil importing countries.