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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 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 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 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.
Crude oil markets have fallen during most of the week, only to turn around and find plenty of support.
The week ending September 24 was the fifth week of increases for WTI, ending at $73.98, and the third for Brent, which closed at $78.09, the highest since October 2018. Supply disruptions included Hurricane Ida and problems with OPEC and associated countries. [63]
The fourth-quarter Brent price deck remains at $75/bbl, in line with quarter-to-date levels and the strip, while the 2025 price deck stays at $70/bbl, consistent with J.P. Morgan’s outlook.