Benchmark Brent crude oil futures prices averaged $80 per barrel (b) in 2024, $2/b less than in 2023. Intraday prices stayed within a $24/b range, between $68/b and $93/b (after rounding), which was the narrowest trading range since 2019. Adjusting the trading range for inflation, last year was the narrowest since 2003. Strong global growth in production of oil and slower demand growth put downward pressure on prices, while heightened geopolitical risks and voluntary production restrictions among OPEC+ members supported them. These offsetting factors kept oil prices within a narrow range.
* WHAT...Minor flooding is occurring. * WHERE...Ohoopee River near Reidsville. * WHEN...Until Saturday evening. *…
SVRTAE The National Weather Service in Tallahassee has issued a * Severe Thunderstorm Warning for...…
SVRJAX The National Weather Service in Jacksonville has issued a * Severe Thunderstorm Warning for...…
At 515 PM EDT, Doppler radar was tracking a strong thunderstorm over Fort McCoy. A…
At 514 PM EDT, Doppler radar was tracking a strong thunderstorm near Fowlers Bluff, or…
At 511 PM EDT, Doppler radar was tracking a strong thunderstorm 11 miles northeast of…
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