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Oil opens new year with strong gains on optimism over economic rebound in China

12
Jan. 03, 2025 7:00 PM ETThe Energy Select Sector SPDR® Fund ETF (XLE), USOUCO, NBR, GASS, NRT, DBO, UNG, FCG, USL, PPIH, SCO, UNL, SRL, BNO, LTBR, AMRC, GEVO, MMLP, KOS, BOIL, KOLD, KNOP, GPRK, NEXT, GUSH, DRIP, POLA, USOI, NEXA, NOVA, CO1:COM, NG1:COM, CL1:COM, ARRY, MNTK, NRGV, FTCI, WAVE, IMPP, SUUN, ABAT, ZEO, SDST, CLMTBy: Carl Surran, SA News Editor

SlavkoSereda/iStock via Getty Images

Crude oil futures rose for a fifth straight session Friday to close the week near a three-month high, helped by optimism over the potential for further stimulus in China, the world’s largest crude importer.

Crude kicked off the new year

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