Author: Grant Smith Mia Gindis
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Oil edges higher to close out 2024 as traders brace for surplus
(Bloomberg) – Oil edged higher in thin holiday trading, heading for a flat performance in 2024 as the market braces for a global surplus next year. West Texas Intermediate rose above $71 a barrel, having initially advanced after factory activity expanded for a third month `in China, the world’s crude biggest importer. In another sign…