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The Energy Information Administration expects prices at the pump to average $3.20 per gallon next year, about $0.10 lower than in 2024. Ines Ferre is a senior business reporter for Yahoo Finance ...
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 ...
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 ...
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]
The oil market is headed into a troubled year in 2025, and crude prices may fall "much, much" lower, according to Tom Kloza, global head of energy analysis at Oil Price Information Service. The ...
NEW YORK (Reuters) -Oil prices climbed about 2% on Friday to settle at a three-week high, on expectations that additional sanctions on Russia and Iran could tighten supplies and that lower ...
For 2025, the firm predicts prices will fall to $63 per barrel by September 2025 amid rising global supply. Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre .
That forecast marks a 20% drop from current prices, and around a 25% drop from this year's average price of around $80 per barrel. Prices have already seen downward pressure this year amid ...