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Meanwhile, BofA analysis shows prices could drop to an average of $65 per barrel in 2025, particularly if the Organization of Petroleum Exporting Countries (OPEC) decides to bring barrels back ...
Oil prices fell 2% on Monday after China’s stimulatory plans failed to impress traders and oil alliance OPEC lowered its demand forecast. West Texas Intermediate closed at $73.83 per barrel ...
Oil extended gains to hit a five-month high on Monday as worries grew over supply disruptions impacting big importers China and India following wide-ranging sanctions against Russian crude.
Oil may get another run as liquid gold. Crude futures surged 9% last week — its biggest weekly gain since March 2023 — driven by escalating tensions in the Middle East.Israel’s vow to ...
Oil prices will fall to an average of $65 per barrel in 2025 amid an oversupply of crude and a backdrop of slowing demand as countries shift toward cleaner energies and forms of transportation ...
Oil dropped more than 1% on Wednesday as traders looked for signs of Middle East tensions easing and new data showed that US stockpiles surged.
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Oil futures jumped nearly 3% on Monday after OPEC+ announced it would delay unwinding production cuts by a month and traders digested a new report that said Iran is planning a "strong and complex ...