Brent crude futures surged over 4%! Chevron and Occidental Petroleum both rose over 2%, and Goldman Sachs emphasized that oil demand will expand due to the cold winter.

On Friday, influenced by the decline in USA Crude Oil Product inventories, the international crude oil price benchmark—Brent Futures price rose by over 2%, breaking through $78.5 per barrel.

Zhitong FinanceJan 10 22:38

Oil Remains Well Supported – ING

FXStreetJan 10 19:35

The "monsters" in the oil market are starting to retreat, and oil prices are about to reveal their true colors.

Algorithm traders who have been dominating the Crude Oil Product market are withdrawing, and traders focused on supply and demand fundamentals are expected to regain control.

Golden10 DataJan 10 14:43

WTI Holds Steady Above $73.50 Amid Stronger US Dollar, Potential Supply Disruptions

FXStreetJan 10 09:09

Oil Prices Grow Amid OPEC+ Decision to Extend Cuts – ING

FXStreetJan 9 18:33

Want to bring down oil prices? Trump's tough talk may have been premature!

The USA's Energy production is indeed expected to rise, but most of the growth will come from Henry Hub Natural Gas rather than oil.

Golden10 DataJan 9 17:13