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Oil prices hit 2-month highs on policy support optimism
short by System User / on Friday, 3 January, 2025
Oil prices climbed to 2-month highs on optimism around policy support, boosting fuel demand and economic growth. Brent crude rose 0.2% to $76.09, while WTI climbed 0.3% to $73.32, both hitting multi-month highs. Both contracts are on track for their second weekly increase, with investors back from holidays, improving trade liquidity.