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Why oil may not see a return $100 a barrel in 2024

Por: MarketWatch Business December 14, 2023

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Prices have since dropped from the year’s highs on Sept. 27, with U.S. benchmark West Texas Intermediate crude futures down 27% from $93.68 a barrel on the New York Mercantile Exchange, and global benchmark Brent crude down 24% from $96.55 on ICE Futures Europe. The expectation in early 2023 was that prices would improve as the year went on due to strengthening Chinese demand and expected supply issues, said Stacey Morris, head of energy... + full article



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