Commodities
Oil Rises to End 2024 Little Changed as Traders Brace for Glut
- China’s manufacturing sector grew for a third straight month
- Bullish WTI bets hit a four-month high in last week of 2024
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Oil rose in thin holiday trading to close out a flat performance in 2024 as the market braces for a global surplus next year.
West Texas Intermediate rose 1% to settle at $71.72 a barrel, notching a 7-cent gain in 2024. Brent advanced 0.3% to settle at $74.64, down 3.1% for the year.