China's Fiscal Boost Ignites Global Oil Rally, Brent Surpasses $61

• China pledges to expand fiscal spending base in 2026, boosting global oil demand expectations.
• Brent Crude Oil price surged past $61/barrel; WTI Crude reached around $57.
• As the world's largest crude oil importer, China's policy directly impacts global markets.
• The move reverses a previous decline trend and offers hope for China's economy.
• China's continued stockpiling is expected to absorb surplus supply despite OPEC+ output.

Why It Matters: China's commitment to increased fiscal spending has significantly driven up global crude oil prices.