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The bank said oil prices could go as high as $120 per barrel in the first quarter of 2025, implying a 62% increase. Brent crude , the international benchmark, traded around $73.48 a barrel around ...
The oil market is headed into a troubled year in 2025, and crude prices may fall "much, much" lower, according to Tom Kloza, global head of energy analysis at Oil Price Information Service. The ...
After a brief bounce, crude prices are on track to end 2024 in the low $70s -- right around where they began the year. It's anyone's guess what oil prices will do in 2025. 2 Bold Oil Stock ...
The second full week of 2025 was the fourth week that the price of oil increased, with Brent finishing up 1.3 percent at $80.79 and WTI up 1.7 percent to $77.88. Sanctions on Russia were the most important factor. The Gaza ceasefire made further Houthi attacks on shipping less likely.
The Energy Information Administration forecasts that drivers will pay an average of $3.20 per gallon in 2025, about $0.10 lower than in 2024. The price-per-gallon is displayed electronically on a ...
The price of gas was $3.03, the highest for Memorial Day since 2014. [49] Although countries increased oil production in May, demand forecasts were high and on June 8 WTI closed above $70, with Brent at $72.22, the highest since May 2019. [50] On June 25 WTI ended the week at $74.05, up 3.9 percent for the week, the fifth week in a row with an ...
Getty Images. US gas prices will fall to $3.20 per gallon this year and $3.00 per gallon in 2026, the EIA says. ... The lower gas prices largely reflect the agency's forecasts for lower crude oil ...
The plans to spend more on their businesses come despite weakness in oil prices over the last several years. Brent crude , the international benchmark is down 34% from its peak in the summer of 2022.