Crude oil slides more than 10% for the year in first drop since 2020 (NYSEARCA:XLE)
Crude oil closed 2023 more than 10% lower for its first annual decline in three years, as war and OPEC+ production cuts failed to boost prices enough to overcome rising supply growth outside of the cartel. Front-month Nymex crude (CL1:COM) for February delivery ended the year -10.7% to $71.65/bbl,…
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