💨 Abstract

Oil prices ended 2024 lower by around 3% compared to the previous year, as the demand recovery from the pandemic stalled, China's economy struggled, and increased production by the US and other non-OPEC nations led to a well-supplied global market. Brent crude futures settled at $74.64 a barrel, while U.S. West Texas Intermediate (WTI) crude settled at $71.72

Courtesy: theprint.in

Summarized by Einstein Beta 🤖