Oil drifts toward year-end as traders ponder outlook for 2025
Fri, Dec 27, 2024 8:35 AM

Oil drifts toward year-end as traders ponder outlook for 2025

A Flip by Riya Sharma
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Oil drifted in thin end-of-year trading, with investors assessing the outlook for 2025 while tracking developments in the Middle East. West Texas Intermediate steadied below $70 a barrel, after shedding 0.7% on Thursday, when Brent also settled lower. A gauge of 10-day volatility for the US crude benchmark has ebbed to the lowest since 2021.

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