INFO:

After a tumultuous year marked by a $70-$98 per barrel range, oil prices are slated to finish 2023 roughly 10% lower, their first annual drop in two years. Brent crude tumbled $20 from its late-September peak, as a rollercoaster of geopolitical anxieties, production adjustments, and global inflation fights gave way to recessionary fears, sluggish Chinese demand, and record US output and exports. Get more News and Business News on Zee Business.