Posted 12/18/2023, 4:52:45 PM
Oil Prices Face Uncertainty in 2024 But Likely to Trend Lower Overall
- Expect a 'tug of war' in oil market in 2024 due to geopolitical conflicts and other factors
- Oil prices to remain a focus amid Middle East tensions and China's reopening
- Prices could reach $100/barrel if conflicts intensify, but expect $60 range otherwise
- Weakening dollar makes oil cheaper, contributing to downward price trajectory
- Expert predicts high volatility but sees prices trending lower overall in 2024