Cocoa Prices Triple Amid Supply Deficits; Oil Drops on Oversupply
Cocoa prices soared nearly 300% in 2024 due to supply deficits. In contrast, crude oil prices declined, impacted by oversupply and China's economic challenges.
Cocoa prices surged nearly threefold in 2024 due to supply deficits, while crude oil faced price declines due to oversupply and China's economic issues.