A Bullish Catalyst for Oil as 2024 Draws to a Close ...Middle East

OILPRICE - Economy
A Bullish Catalyst for Oil as 2024 Draws to a Close
source : OILPRICE ( Middle East ) () 83
While liquidity in oil markets is traditionally very low over the Christmas period, China has provided a bullish catalyst for Brent and WTI this year by announcing its monster $410 billion treasury bond sale.- US natural gas producers are anticipating a reversal of fortunes next year after 2024 saw gas-focused drillers struggle with oversupply and multi-year price lows, dipping as low as $1.60 per mmBtu during the year.- Over the next 12 months, US natural gas production in the Lower 48 states is expected to add around 4 BCf/day and surpass 107…

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