Oil Prices Steady Amid Trump-Putin Talks and China's Economic Moves

Oil markets react to geopolitical discussions and economic signals as Trump urges de-escalation in Ukraine and China unveils stimulus measures.

President-elect Donald Trump reportedly urged Russian President Vladimir Putin to de-escalate the conflict in Ukraine during their first post-election phone call.
Crude oil prices showed slight fluctuations, with West Texas Intermediate (WTI) futures experiencing minor gains following geopolitical developments.
China's latest stimulus package, aimed at easing local government financing, fell short of investor expectations, contributing to a muted impact on oil demand forecasts.
OPEC's recent downward revision of global oil demand growth continues to weigh on market sentiment, with concerns about oversupply persisting.
A stronger U.S. dollar, bolstered by expectations of Trump's economic policies, is making oil more expensive for international buyers, further influencing price stability.