News

Why Oil Prices Never Surged to $100 This Year - The Wall Street Journal

The Wall Street Journal · last updated

Why Oil Prices Never Surged to $100 This Year - WSJ

Dec. 29, 2023 8:00 am ET

Travelers, truckers and shippers worldwide can thank the U.S. for helping keep a lid on oil and gasoline prices this year.

A year ago, Wall Street analysts were predicting the international benchmark for oil prices would surge from around $85 a barrel to well over $100 in 2023. Instead, Brent crude will likely enter 2024 slightly cheaper than where it started this year, though experts warn any spread in global instability could drive it higher.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

What to Read Next

- TurboTax: Up to 10% off online tax services with TurboTax discount code
- The Motley Fool: Epic Bundle - 3x Expert Stock Recommendations
- H&R Block Tax: Get 20% Off H&R Block tax software products
- Top Resume: Top Resume Coupon: 10% Off professional resume writing
- eBay: Unlock 10% Off orders With this eBay coupon
- Groupon: Extra 30% off the sale price with Groupon discount code

View full article

here today, more tomorrow

We’ve launched briefing.center with a focus on the press and media.

And we’ve added Citizen Cartwright, a daily quick-read news summary by veteran Washington journalist Linda Cartwright. We’ve also created a new voting rights knowledge center for Citizen Cartwright subscribers. (You can sign up for a dedicated morning email at citizencartwright.com.)

You can sign up here for full access to press and media and Citizen Cartwright on briefing.center.

You can use briefing.center as the center of your information management, or just one of your tools. We’re happy to discuss your information needs.

Sign up