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Earlier this week, the Energy Information Administration (EIA) said it forecasts Brent crude oil spot price will increase from an average of $78 per barrel in December to an average of $84 in the ...
Oil prices are headed lower next year. That's a tailwind for the incoming Trump administration. ... Brent crude futures rose to $74.60 a barrel on Tuesday and US West Texas Intermediate crude was ...
NEW YORK (Reuters) -Oil prices eased about 1% to a one-week low on Tuesday on demand worries following the release of negative economic news from Germany and China, while investors remained ...
On average, companies need the price of US crude to be at least $64 per barrel in order to profitably drill a new well and $39 for existing ones, according to the Dallas Federal Reserve survey.
The price of Saudi light crude sold to Asia fell to the lowest since November 2021. [1] Oil rose for the next two weeks, with Brent ending at $87.63 and WTI at $81.31, with loosening of restrictions in China a big reason, along with expectation of smaller interest rate increases.
Oil prices jumped on expectations of increased demand after China announced a new ... A jumbo rate cut announcement by the Federal Reserve helped buoy crude markets on the prospects of growing ...