Norway's Oil Fund Posts $248 Billion Gain

Norway's sovereign wealth fund managed by Norges Bank Investment Management posted a NOK 2.36 trillion ($248 billion) profit in 2025, delivering a 15.1% return driven by strong global equities, particularly U.S. technology. The fund's value rose to about $2.2 trillion at year-end and equities returned 19.3%, while renewable infrastructure and fixed income also gained. NBIM said it began using Anthropic's Claude to screen investments for ethical issues.