Oil prices start the new year by increasing the highest level since October

In 2025, oil prices have begun to rise to the highest levels since October, with the support of upcoming technical indicators and the decline in US crude shares. West -texas -Inintermediate rough jumped by 2% to turn off over the $ 73 a barrel, and Brent Mix rose more than $ 76 after the government’s data showed a decline in US crude shares by 1.18 million barrels last week, which is the sixth falling respectively. This height led to the exit of crude oil from a trading range that took place in the $ 6 vicinity, which has been the scope since mid -October, although analysts were not sure that this height would continue. John Bern, an analyst at Strategas Securities, said that energy information management data was “very messy, so that a strong conclusion could not be withdrawn from it, as the mixing of shares at the end of the year for tax purposes contributed to expectations, with businesses reducing or increasing their oil shares to reduce them. Indicators also helped rise prices as the two reference indicators closed their mobile averages for a period of ‘100 days’ for the first time since October. And investors are preparing to counteract the exhibitions this year, making it difficult for the “OPEC+” coalition to revive the disrupted production. However, the inability to predict a second presidential term for Donald Trump casts a shadow for expectations. The economic recovery in China is still uncertain, as recent data showed the slowdown in the expansion of the factory activity in December. The rapid dependence on electric cars and renewable fuel reduces the demand for gasoline.