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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 ...
To be sure, the forecast for $120 a barrel marks a stark divergence from Citi's base case, which is for crude prices to stick around $74 a barrel before drifting lower to $60 a barrel later next year.
The survey of 31 economists and analysts predicted that Brent crude would average $74.33 per barrel in 2025, down from a forecast of $74.53 in November, marking an eighth straight downward revision.
After a brief bounce, crude prices are on track to end 2024 in the low $70s -- right around where they began the year. ... 2 Bold Oil Stock Predictions for 2025. Matt DiLallo, The Motley Fool ...
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 ...
Crude oil makes up about half the price of a gallon of gasoline, making crude the key factor on top of distribution costs and taxes. ... OPEC has cut its forecast for 2025 demand growth to 1.54 ...
The EIA now expects spot Brent crude prices to average $73.58 a barrel in 2025, down from its previous forecast of $76.06 per barrel. U.S. WTI spot prices will average $69.12 per barrel in 2025 ...
The price of benchmark U.S. crude oil, called West Texas Intermediate, has tumbled to about $70 a barrel from $120 in June 2022, shortly after Russia’s invasion of Ukraine.