Crude Futures End Year on Positive Note

Crude Futures End Year on Positive Note

Crude futures gain on the last day of the year with help from positive Chinese data.

WTI ends 2024 up 0.1% at $71.72 a barrel, outperforming Brent which lost 3.1% during the year to $74.64 a barrel.

With geopolitical risks in Ukraine and the Middle East, the Brent market was geared up for a cutoff in supply that never materialized, while the U.S. economy performed better than most parts of the world, says Phil Flynn of the Price Futures Group.