Oil Prices Hit Two-Month Highs with Optimism Over Chinese Stimulus and Lower U.S. Rates

Crude oil markets see gains as China's economic policies and U.S. interest rate expectations boost demand outlook.

Brent crude reached $76 per barrel, marking its highest level since October, with a 1.9% weekly gain expected.
West Texas Intermediate crude is set for a 3% weekly rise, closing at its highest price since mid-October.
China's government announced new economic measures, including wage increases and long-term treasury funding, to support growth and oil demand.
U.S. crude stockpiles fell by 1.2 million barrels last week, though the decline was smaller than anticipated, while gasoline and distillate inventories surged.
Colder weather forecasts in the U.S. and Europe are expected to boost heating oil demand, further supporting prices.