$Energy Select Sector SPDR Fund (XLE.US)$ Crude oil prices i...
$Energy Select Sector SPDR Fund (XLE.US)$ In 2024, crude oil prices: OPEC's weak support is key to stabilizing oil prices; geopolitical factors are the biggest disruptive element; ultimately depends on production increases and global economic prospects.
A survey of 34 economists and analysts shows that the average price of crude oil in the USA in 2024 is expected to be $78.84, previously forecasted at $80.50. However, among the top ten surprises, Cas predicted, "With further escalation of geopolitical conflicts, oil prices will rise above $110 per barrel, and USA rbob gasoline prices will approach $6 per gallon."
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