Why Oil Costs By no means Surged to $100 This Yr

Vacationers, truckers and shippers worldwide can thank the U.S. for serving to maintain a lid on oil and gasoline costs this 12 months.

A 12 months in the past, Wall Avenue analysts have been predicting the worldwide benchmark for oil costs would surge from round $85 a barrel to effectively over $100 in 2023. As a substitute, Brent crude will seemingly enter 2024 barely cheaper than the place it began this 12 months, although specialists warn any unfold in international instability might drive it larger.