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Other forecasters have also made bearish calls, with price forecasts as low as $50 a barrel. The oil market is headed into a troubled year in 2025, and crude prices may fall "much, much" lower ...
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 ...
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 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 ...
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.
"Looking ahead to 2026, we foresee another year of large surpluses driving Brent prices below $60 by year-end, with an average Brent forecast of $61," wrote JPMorgan's Kaneva and her team.
Oil prices are set to drop in 2025, putting gasoline prices on track for a third-straight annual decline. ... The Energy Information Administration forecasts that drivers will pay an average of $3 ...
"Global oil demand growth will likely decelerate from 1.4 mbd this year to 1 mbd in 2025 as the last phase of the post-pandemic rebound dissipates and advancing energy efficiencies and an ...