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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 ...
OPEC+ faces a major oil oversupply in 2025, challenging production increases. The coalition has tried to boost oil prices by holding back output. Instead, members are ceding control to non-OPEC ...
A lower oil rig count and the Russian cap also contributed, though U.S. crude inventories were the highest since June 2021. [2] For the week ending February 3, oil fell nearly 8 percent, with Brent at one point reaching $79.72, lowest since January 11, and WTI reaching $73.13, lowest since January 5.
The firm's analysts forecast the international benchmark to average $82 in 2025. Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre .
Oil Price Information Service (OPIS) is a price reporting agency which provides information that is used for commercial contracts and trade settlement related to petroleum, gasoline, diesel, ethanol, biodiesel, LP-gas, jet fuel, crude, natural gas, petrochemicals, recycled plastics, refinery feedstocks, residual fuel, and kerosene.
S&P Global Commodity Insights is a provider of energy and commodities information and a source of benchmark price assessments in the physical commodity markets.The business was started with the foundation in 1909 of the magazine National Petroleum News by Warren C. Platt.
Crude oil markets have fallen during most of the week, only to turn around and find plenty of support.
A strong dollar and lower fuel prices resulted in lower import prices, and inflation expectations were down. The U.S. oil rig count increased. [121] Recession fears and a strong dollar led to oil falling 1.5 percent the next week, with Brent at $96.72 and WTI at $90.77.