Oil prices settle up on possible supply disruption, hopes for China demand

Daily Maverick

Brent and WTI oil prices rise as China’s Shandong Port blacklists US-sanctioned oil vessels. Middle East market strength supports prices, but economic data dampens demand hopes. Brent settles at $77.05, up 0.98%, and WTI at $74.25, up 0.94%. Traders eye Chinese stimulus for growth amid tight supplies post-holidays. Concerns over Iranian crude exports to China also impact market.

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