Why Oil Prices Never Surged to $100 This Year | EUROtoday

Travelers, truckers and shippers worldwide can thank the U.S. for serving to maintain a lid on oil and gasoline costs this yr.

A yr in the past, Wall Street analysts had been predicting the worldwide benchmark for oil costs would surge from round $85 a barrel to properly over $100 in 2023. Instead, Brent crude will probably enter 2024 barely cheaper than the place it began this yr, although consultants warn any unfold in world instability may drive it increased.