Oil prices dipped below trendline support, signaling short-term weakness. Key levels at $72.32 and $70.03 could determine the next move.

“Increasing inventories put downward pressure on prices through the remainder of our forecast. As a result, we expect the average Brent crude oil price will fall to $72 per barrel in December ...

Oil prices fall for a sixth session as oversupply concerns mount. Can EIA data and demand outlook shift market sentiment?

By Zain VawdaOil prices continue to struggle to gain any sort of bullish traction as uncertainties around tariffs and the ...

The U.S. Energy Information Administration is forecasted a drop in the price of crude oil for 2025 and 2026. EIA predicts ...

Citi on Wednesday raised its oil price outlook for 2025 due to geopolitical risks centred on Russia and Iran, but noted ...

Monday’s downward revision to oil price forecasts is Morgan Stanley’s second such cut in a little over two weeks. At the end of August, the Wall Street bank cut Brent price forecast for the ...

The Organization of the Petroleum Exporting Countries cut its 2024 and 2025 global oil demand projections on Tuesday, while ...

Meanwhile, the price of WTI oil is projected to reach $79.7 per barrel in 2024 and $80.88 per barrel in 2025 MOSCOW, June 11. /TASS/. The US Department of Energy lowered its forecast for Brent oil ...

Oil prices ticked up but hovered near a two-week low on Tuesday after weak economic data from China and warming weather ...

thereby limiting the oil price increase. Last week, Deutsche Bank revised its average Brent forecast for 2025 from $66/bbl to $72/bbl, citing the December OPEC+ decision as well as signals from ...

The U.S. Energy Information Administration (EIA) revealed its latest Brent ... global oil production outpaces growth in oil demand,” it added. “In our forecast, increases in oil prices in ...