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3 Doomed Energy Stocks to Dump Before They Dive: February 2024
BPBP(BP) InvestorPlace·2024-02-09 22:03

The energy market remains volatile, especially the trade in crude oil. After running up to 120abarrelin2022afterRussiainvadedUkraine,thepriceofBrentcrudeoil,theinternationalstandard,andWestTexasIntermediate(WTI)crude,theU.S.benchmark,fellabout10120 a barrel in 2022 after Russia invaded Ukraine, the price of Brent crude oil, the international standard, and West Texas Intermediate (WTI) crude, the U.S. benchmark, fell about 10% in 2023 during a difficult year. So far in 2024, prices continue to fluctuate amid geopolitical conflicts and demand concerns, notably in China. Currently, WTI crude oil is trading just above 76 per barrel. The price volatility has pl ...