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Oil prices fell about 3% over 2024, marking a second consecutive annual decline. Weak Chinese economic growth and increased output from the US and other non-OPEC producers weighed on the market.
A lower crude price environment reduces diesel and fertilizer input costs but also weakens the economics of biofuel feedstocks such as soybean oil.
reuters.comGeorgina MccartneyDec 31, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
