Oil Prices Surge: WTI, Brent, and OPEC Basket See Gains
Between December 17 and 18, 2024, the price of WTI crude oil rose from $69.65 to $70.02, while Brent crude oil prices increased from $72.85 to $73.00. Meanwhile, the OPEC basket price saw a jump from $73.43 to $73.73.
Oil prices are influenced by a multitude of factors, including global supply and demand, geopolitical tensions, production policies of exporting countries, overall economic conditions, and currency fluctuations. These factors can lead to daily price variations in international oil markets.
