Oil prices were little changed on Friday but were set for a weekly rise amid optimism economic stimulus efforts will prompt a recovery in China, the world's biggest oil importer.

Oil prices face bearish pressure in 2025 as rising supply outpaces demand. Analysts expect Brent to hold near $74, but risks of a drop below $50 persist.

Investing.com-- Oil prices extended gains in Asian Trade on Thursday after the Christmas holiday, bolstered by new stimulus measures in China and a drop in U.S. crude inventories. At 21:06 ET (02:06 GMT), Brent Oil Futures traded 0.2% higher to $73.71 a barrel, and Crude Oil WTI Futures also gained 0.2% to $69.80 a barrel.

Oil prices edged higher on Thursday in thin holiday trading, driven by hopes for additional fiscal stimulus in China, the world's biggest oil importer, while an anticipated decline in U.S. crude inventories also provided support.

Crude oil prices climbed on Thursday as hopes for more Chinese government stimulus helped boost demand for the commodity.

Oil on Thursday rose in thin holiday trade as investors looked for signs that China’s government will take more steps to stimulate the economy of the world's biggest importer of crude. Meanwhile, an report showed a decline in U.

Oil edged lower on Thursday in light holiday trade as the dollar's strength offset hopes for additional fiscal stimulus in China, the world's biggest oil importer. Brent crude futures settled down 32 cents,