Crude Oil Prices 2024. Crude oil increased 9.32 usd/bbl or 13.01% since the beginning of 2024, according to trading on a contract for difference (cfd) that tracks the benchmark market for this commodity. We expect the brent crude oil price will average $82 per barrel (b) in 2024 and $79/b in 2025, compared with its 2023 average of $82/b.
While demand for crude oil held up over the past year, the growth in oil supply has been surprisingly robust. The current price of wti crude oil as of may 03, 2024 is $78.11 per barrel.
We Expect The Brent Crude Oil Price Will Average $82 Per Barrel (B) In 2024 And $79/B In 2025, Compared With Its 2023 Average Of $82/B.
An impending recession, a deepening slowdown in the major economies of the world, less than expected crude demand from china, and less production will be.
Crude Oil Increased 9.32 Usd/Bbl Or 13.01% Since The Beginning Of 2024, According To Trading On A Contract For Difference (Cfd) That Tracks The Benchmark Market For This Commodity.
While demand for crude oil held up over the past year, the growth in oil supply has been surprisingly robust.
What Is The Outlook For Crude Oil Prices In 2024 And 2025?
Crude oil increased 9.32 usd/bbl or 13.01% since the beginning of 2024, according to trading on a contract for difference (cfd) that tracks the benchmark market for this commodity.
Oil prices are predicted to hold above $80 a barrel this year, with analysts polled by reuters revising up their 2024 forecasts for a second time on expectations.