The oil market continues to see support overall as the oil markets are factoring in the idea of central bank easing, and of course the potential for further demand coming from that action.

Russia's overall crude oil exports fell in 2024 despite increased shipments to China as Western sanctions forced a shift in export routes.

U.S. crude oil inventories likely rose last week for the first time in more than two months, while gasoline stocks are seen continuing to build, according to a survey by The Wall Street Journal. Commercial crude stockpiles are expected to have risen by 1.