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Indonesia News Portal for Traders | Financial & Business Updates

27 December 2024 12:13  |

Oil Prices Drop in Year-End Trading as Investors Weigh Risks for 2025

Oil prices fell in sluggish year-end trading, with investors assessing the outlook for 2025 while monitoring developments in the Middle East.

Brent crude was steady near $73 a barrel, after falling 0.4% on Thursday, while West Texas Intermediate held below $70 a barrel.

A 10-day volatility gauge for the U.S. crude benchmark has fallen to its lowest level since 2021, with the same metric for Brent dropping to its narrowest reading since March.

Source: Bloomberg

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