What about crude oil?

Magdalena • 2024-11-13 • US Equity • Public •

US:WTI

There is much fear about oil prices in 2025, the year with prediction of bearish market. It may mean a decline of WTI from $68 a barrel to $40, in the event that oil alliance OPEC+ unwinds its existing output cuts. What about the constantly unstable situation in the Middle East, will Donald Trump bring the stability there and how will the oil prices be affected? What is your opinion about the predictions for the next year? Will WTI prices go so low?

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Kommentarer (2)

Johan • 2024-11-13

Oil prices in 2025 face significant uncertainty. If OPEC+ unwinds production cuts, WTI crude could fall from $68 to $40 per barrel. However, ongoing Middle East instability could cause prices to surge again. The broader economic outlook will also play a key role. Given the oil market's volatility, it's difficult to predict a single reliable price point for 2025. Prudent planning should account for a wide range of possible outcomes, from low $40s to potential price spikes, depending on how these complex factors unfold over the next 12-18 months.

Asif • 2024-11-14

I don't think OPEC+ will increase Oil outputs in hurry as lower price is not profitable for them. The current prices seem low for most of the OPEC+ producers, which need at least $80 and even $90 oil to balance their budgets.

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