Crude oil prices have started 2025 on a positive note, experiencing a multi-month squeeze breakout that has led to a notable increase in energy stocks. Key players in the sector saw significant gains, with Devon Energy (DVN) rising by 3.45%, Halliburton (HAL) up by 3.35%, Occidental Petroleum (OXY) increasing by 2.60%, Chevron (CVX) gaining 2.05%, and ExxonMobil (XOM) rising by 0.80%. The uptick in oil prices is attributed to a stronger demand outlook, which has also influenced natural gas prices. Reports indicate that crude prices are nearing their highest levels since mid-October, driven by a rapid strengthening in crude futures, particularly in North America. This rally has broken crude oil out of a tight range, suggesting potential for further upward movement in the market.