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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 ...
JPMorgan forecasts Brent slipping from an average of $80 per barrel this year to $73 per barrel in 2025 and $61 in 2026. Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X ...
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 ...
Oil fell more than 2 percent in the third week of December with Brent finishing at $72.57 and WTI at $69.12 due to concerns about whether Chinese demand was expected to increase. [85] At Christmas, gas was $3.04, four cents less than a year earlier, and one of the lowest prices since the COVID-19 pandemic. [86]
Despite the recent rally, Kaneva and her team expect Brent prices to average $73 for 2025. Silhouettes of onshore oil and gas well in the field outdoors against blue cloudy sky (Olga Rolenko via ...
Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
Brent crude settled down 22 cents, or 0.3%, at $72.09 a barrel, while U.S. West Texas Intermediate (WTI) settled down 24 cents, or 0.35%, at $68.30 a barrel. Oil falls as investors weigh ample ...
Some forecasters have called for oil prices to hit $50 a barrel. That would mark a decline of nearly 40% from current levels. Oil oversupply could send prices tumbling in 2025, energy analyst says