** Crude Oil Advances on Demand Optimism and Currency Flows** **Executive Summary** Oil prices trended higher, supported by a confluence of macroeconomic tailwinds and geopolitical monitoring. * **Demand Drivers:** Robust economic growth data from China has strengthened the outlook for global energy consumption, serving as the primary catalyst for the rally. * **Currency Factors:** A softening U.S. dollar provided further support, increasing the appeal of crude for holders of other currencies. * **Geopolitical Risk:** Markets remain attentive to potential trade disruptions following President Trump’s signal of possible tariffs on European nations, linked to diplomatic tensions regarding Greenland.