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Barchart
Barchart
Rich Asplund

Crude Prices Finish Higher as China Vows to Ramp-Up Economic Stimulus

Oil China United States Vladimir Putin OPEC Russia

January WTI crude oil (CLF25) Monday closed up +1.17 (+1.74%), and January RBOB gasoline (RBF25) closed up +0.0463 (+2.43%).

Crude oil and gasoline prices rallied Monday in the hopes that additional stimulus measures by the Chinese government will boost energy demand in China, the world's second-largest crude consumer.  Oil prices are also seeing support from heightened turmoil in the Middle East after rebels toppled the government of Bashar al-Assad in Syria.  

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