Oil prices surged over 1% as China signaled more aggressive stimulus in 2025
The market's positive response followed China's signaling of a comprehensive stimulus and fiscal package designed to reignite domestic consumption and address the country's protracted economic slowdown.
Global crude oil benchmarks rose sharply on Monday, driven by China's announcement of broader economic stimulus measures and concerns over potential supply disruptions in the Middle East. Both Brent and West Texas Intermediate (WTI) crude saw gains exceeding $1 per barrel.
Brent crude increased by $1.02 or 1.4% to settle at $72.14/barrel.
WTI climbed $1.17 or 1.7% to close at $68.37/barrel.
The market's positive response followed China's signaling of a comprehensive stimulus and fiscal package designed to reignite domestic consumption and address the country's protracted economic slowdown. As the world's second-largest oil consumer, China's policy direction plays a significant role in shaping global oil demand.
Adding to the upward pressure on prices were concerns over political instability in Syria, which raised fears of a potential spillover into the broader Middle East, a region critical to global oil production.
Written by: Muhammad Hafiz