This article explores the impact of the global economic slowdown on oil prices, highlighting the influence of OPEC+ decisions and geopolitical factors on market trends.
PUBLISHED : 21 Dec 2023 at 14:48
Oil prices have decreased following the global economic slowdown, despite OPEC+ members jointly announcing a reduction in oil supply to support prices.
The price of ICE Brent crude oil in the 4th quarter of 2023, from October 1st to December 6th, averaged $84.6 per barrel, a decrease from the 3rd quarter average of $85.9 per barrel. This decline is…
