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

Crude Oil Spikes Most in Three Months as New Russia Oil Sanctions 'Taken More Seriously'

Seeking Alpha08:45

U.S. Rig Count Drops by 5 After Three Straight Flat Weeks, Baker Hughes Says

Seeking Alpha03:10

Oil Remains Well Supported – ING

FXStreetJan 10 19:35

Commodity Roundup: Outlook Remains Bearish for European Gas Prices, BMI Says, Henry Hub Prices to Rises 41% Y-o-y

Seeking AlphaJan 10 18:52

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