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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 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 ...
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 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 ...
English: The chart in the figure shows the change in WTI oil prices between 2013 and 2023 (data availability by CNBC). The x-axis of the graph shows dots of different colours for each year, representing the start price, end price, and the highest and lowest prices for each year. y-axis represents the price of oil in US dollars per barrel.
Oil prices will fall to an average of $65 per barrel in 2025 amid an oversupply of crude and a backdrop of slowing demand as countries shift toward cleaner energies and forms of transportation ...
"Global oil demand growth will likely decelerate from 1.4 mbd this year to 1 mbd in 2025 as the last phase of the post-pandemic rebound dissipates and advancing energy efficiencies and an ...
US gas prices will fall to $3.20 per gallon this year and $3.00 per gallon in 2026, the EIA says. The agency says the global oil glut will expand in the next two years, putting downward pressure ...