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- A decision by OPEC+ to possibly boost production sooner than expected and diverging demand forecasts could hold oil prices down in the second half of the year. The U.S. Energy Information Administration recently lowered projections for Brent crude oil prices this year. The International Energy Agency also cut its demand forecast.
www.investopedia.com/what-to-watch-in-oil-markets-in-the-second-half-of-the-year-2024-8665676
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Will oil prices fall?
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In the near term, as far as the demand for crude oil markets, it’s been a little different. Last month imports fell by about 10% from the month prior, and there’s been a year-over-year...
Jan 9, 2024 · A new report forecasting energy trends estimates global oil prices will be stuck at low levels for the next couple of years. The analysis from Deloitte released Tuesday predicts an average West...
Jun 30, 2024 · A few weeks ago, many energy industry analysts expected global oil prices would rebound in the second half of this year, with Brent crude rising above $90 a barrel or higher, but that changed...
Jun 13, 2022 · Oil prices could fall slightly over the months to come, but are still expected to end the year worth more than $100 US per barrel.
Dec 12, 2023 · Last week saw the seventh-consecutive weekly decline in crude prices, the longest consecutive losing streak on a weekly basis since the end of 2018, noted Rory Johnston, energy researcher and...
Aug 15, 2022 · A growing number of energy investors are skeptical about the future of oil-based transportation and say prices over the long term will come down.
Nov 7, 2023 · Oil's price drop Tuesday to the lowest finish in three-and-a-half months may come as a surprise to traders focused on the risk of crude supply disruptions in the Middle East, but not so...
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