Bloomberg: oil rises amid China's new stimulus measures

Oil prices rose for a second consecutive day after the Chinese government announced plans to further stabilize its stock and real estate markets. The authorities also pledged measures to boost wages and address the country’s declining birth rate, Bloomberg reports. 

According to the agency, the escalation of tensions in the Middle East also boosted energy prices.

Despite this rebound, oil has fallen by more than $10 per barrel since the beginning of the year. Prices have fallen from the highs reached in January. Donald Trump's controversial trade policy, an OPEC+ decision to increase oil supply and a possible weakening of the conflict in Eastern Europe had a negative impact on oil prices.

In this regard, Goldman Sachs experts have lowered their Brent oil forecasts for the end of the current year. According to analysts, in December 2025 oil will fall in price by $5 to $71 per barrel.

However, Goldman analysts noted that prices could see a short-term recovery. Robust US economic growth and sustained pressure from US sanctions on Russia may provide temporary support for crude markets.