In Peking, in the early hours of the 19th, US Crude Oil prices rose slightly on Wednesday. The market is assessing the impact of US Crude Oil inventory changes and the Federal Reserve's 25 basis point rate cut.

On the New York Commodity Exchange, the January futures price for West Texas Intermediate (WTI) rose by 50 cents, an increase of 0.71%, closing at $70.58 per barrel. On the Intercontinental Exchange in Europe, February futures for Brent Crude Oil increased by 20 cents, or 0.27%, closing at $73.39 per barrel.

The US Energy Information Administration (EIA) reported on Wednesday that for the week ending December 13, US Crude Oil inventories and distillate stocks declined, while gasoline inventories increased.

Crude Oil market traders are also watching the impact of the Federal Reserve's 25 basis point rate cut.

Analyst Alex Hodes from StoneX stated, "Although the Federal Reserve has cut rates by 25 basis points, investors will focus on the Fed's future outlook and how aggressive their stance may be in 2025."