Search results
Results from the WOW.Com Content Network
In this month’s outlook, we expect the Brent price will average $78 per barrel (b) in 2025, $7/b less than we expected in last month’s STEO. In our forecast, lower crude oil prices largely reflect a reduction for global oil demand growth in 2025.
Explore in-depth financial insights on Crude Oil Futures. Gain instant access to the live Crude Oil price, key market metrics, trading details, and intricate Crude Oil futures...
The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Published October 2024.
The Brent crude oil spot price averaged $74 per barrel (b) in September, down $6/b from August. Prices fell in September as concerns over global oil demand growth outweighed declines in oil inventories and OPEC+ members’ decision to delay production increases until December 2024.
Gain direct exposure to the crude oil market using CME Group West Texas Intermediate (WTI) Light Sweet Crude Oil futures, the world’s most liquid oil contract. WTI Crude Oil futures and options are the most efficient way to trade the largest light, sweet crude oil blend.
Overall, J.P. Morgan Commodities Research forecasts Brent could average $80/bbl in the fourth quarter of 2024 and $75/bbl in 2025, declining to the low $60s by end-2025. Against a backdrop of rising geopolitical tensions and heightened market volatility, crude oil prices have soared in recent weeks.
Forecast. Alerts. WTI crude oil futures added 0.9% to settle at $72.36 per barrel on Thursday, after a 0.4% drop the day before, as markets assessed the impact of Trump’s presidential win and the Federal Reserve’s recent rate cut, amid a pause in US dollar post-election rally.
Get the latest data and news on Crude Oil WTI (NYM $/bbl) Front Month prices today from The Walll Street Journal.
For 2024, global output is forecast to rise by 770 kb/d to 102.9 mb/d. Non-OPEC+ production will expand by 1.6 mb/d, while OPEC+ supply could fall 820 kb/d if voluntary cuts remain in place. In 2025, global growth could rise to 1.6 mb/d.
View live Light Crude Oil Futures chart to track latest price changes. Trade ideas, forecasts and market news are at your disposal as well.