Crude prices are set to close out the first week of the new year with a small gain as tensions in the Middle East continue to provide support. Friday, January 5, 2024Oil prices are set to finish this week with a slight gain after Middle Eastern tensions helped recoup losses after US inventory data. Despite a hefty 5.5-million crude stock draw, believed to be the usual year-end clearing of inventory to minimize ad valorem inventory taxes, the immediate reaction was a slight downward correction after both gasoline and diesel posted huge stock…
