# Oil Dips as 2019 Ends; Big Gains on Year, Big Challenges Ahead By Investing.com

> Oil prices settled lower on the final trading day of 2019 but posted the biggest annual gains since 2016. WTI fell to $61.06 and Brent to $66.65, while OPEC+ deepened cuts to 2.1 million bpd for 2020.

- Date: 2019-12-31 · published 2019-12-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/55729-oil-dips-as-2019-ends-big-gains-on-year-big-challenges-ahead-by-investing-com
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Expected US shale rebound in 2020 could cap crude gains, which would ease energy costs for feed and biofuel buyers over time.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Sources

- investing.com: https://www.investing.com/news/commodities-news/oil-dips-as-2019-ends-big-gains-on-year-big-challenges-ahead-2050570

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.