Crude oil prices ended higher on Wednesday for a third session.

Crude oil prices ended higher on Wednesday for a third session. This is because China plans to expand its economy, which is expected to increase energy needs and lead to potential new US oil sanctions against Russia.
In addition, the current development in Syria makes it questionable whether the fall of the Assad regime and the resulting power vacuum will pose a security risk in the region. We continue to assume a valuable increase in energy prices in 2025 and a negative influence on the economic situation of countries with energy-intensive industrial sectors.
Another development, the reduction of oil production by large oil producers, can be seen as a response to a decline in needs or an artificial shortage intended to increase the price.

Photo by Jack Moreh