Biden has said he is ready to block more oil development before Trump takes office


Jan. 02, 2025 7:25 PM ETUnited States Oil Fund, LP ETF (USO), CL1:COMUCO, DBO, UNG, FCG, USL, SCO, UNL, BNO, BOIL, COLD, GUSH, DRIP, USOI, CO1:COMAuthor: Carl Surran, SA News Editor
Analysis of data on the energy market: presented graphs and quotations. US WTI Crude Oil Price Analysis. An astonishing drop in prices over the last 20 years.

SlavkoSereda/iStock via Getty Images

Crude oil futures started the new year with solid gains on Thursday, boosted by optimism over a potential recovery in China's economy and demand for the fuel following President Xi Jinping's pledge to further stimulate growth.

Xi said in his New



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