HOUSTON — Oil prices fell around 3 percent in 2024, slipping for a second straight year, as the post-pandemic demand recovery stalled, China's economy struggled, and the US and other non-OPEC producers pumped more crude into a well-supplied global market.
Brent crude futures on Tuesday, the last trading day of the year, settled up 65 cents, or 0.88 percent, to $74.64 a barrel. US West Texas Intermediate (WTI) crude settled up 73 cents, or 1.03 percent, to $71.72 a barrel.
