Trump calls on the United Kingdom to "open" the North Sea and dismantle the Generator.
① The elected president of the USA, Trump, posted on his personal Social Media platform Truth Social, urging the United Kingdom to open the "North Sea" and remove the Generator; ② Due to depleting reserves and the Global shift towards Wind Power, oil production in the North Sea has been continuously declining, and oil companies have gradually withdrawn from the North Sea in recent years.
Crude Oil Prices Near Two-Month Highs on Positive Market Sentiment Around Policy Support
WTI Crude Breaks Resistance, Eyes US$80 Next
USA's Crude Oil Product inventories continue to decrease, and oil prices are expected to rise for two consecutive weeks.
Due to the decrease in USA Crude Oil Product inventories, prices have increased. Oil prices have broken through the narrow Trade Range they had been in for several months, surpassing a key technical threshold.
Crude Oil Product inventories continue to decline, and oil prices have welcomed a three-time increase at the end of the year.
This week (12.26-1.1), Crude Oil Product has shown an upward trend with fluctuations. The average price of WTI this week is $70.73 per barrel, an increase of $1.05 per barrel, or 1.51%, compared to the previous week.
Oil Prices Inch Higher on China Stimulus Hopes; Set for 2nd Straight Weekly Gain