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1. • $82 per barrel

     • We expect the Brent crude oil price will average $82 per barrel (b) in 2024 and $79/b in 2025, close to the 2023 average of $82/b.
     www.eia.gov/outlooks/steo/report/BTL/2024/01-brentprice/article.php

     Short-Term Energy Outlook - U.S. Energy Information ...

2. People also ask

   How much will Brent crude oil cost in 2024?

   • We expect the Brent crude oil price will average $82 per barrel (b) in 2024 and $79/b in 2025, close to the 2023 average of $82/b. Our forecast for relatively little price change is based on expectations that global supply and demand of petroleum liquids will be relatively balanced.

   Short-Term Energy Outlook - U.S. Energy Information Administration (EI…

   www.eia.gov/outlooks/steo/report/BTL/2024/01-brentprice/article.php

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   Why did the Brent crude oil spot price fall?

   • However, because of the financial crisis and an abrupt loss of demand for oil globally, the price of Brent Crude fell as much at 70% off highs in January of 2009. Europe spot price, FOB, U.S. dollars per barrel. In depth view into Brent Crude Oil Spot Price including historical data from 1987 to 2024, charts and stats.

   Brent Crude Oil Spot Price (I:BCOSPNK) - YCharts

   ycharts.com/indicators/brent_crude_oil_spot_price

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   What is the outlook for crude oil prices in 2023?

   • Another supplement to the January STEO reviews the performance of our forecasts for these series during 2023. STEO Between the Lines: What is the outlook for crude oil prices in 2024 and 2025? We expect the Brent crude oil price will average $82 per barrel (b) in 2024 and $79/b in 2025, close to the 2023 average of $82/b.

   Short-Term Energy Outlook - U.S. Energy Information Administration (EI…

   www.eia.gov/outlooks/steo/report/BTL/2024/01-brentprice/article.php

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   What is Brent crude oil spot price?

   • Brent Crude Oil Spot Price is at a current level of 74.95, down from 75.96 the previous market day and down from 93.99 one year ago. This is a change of -1.33% from the previous market day and -20.26% from one year ago. Brent Crude Oil Spot Price is one of the major benchmarks used in pricing oil, alongside WTI Crude Oil Spot Price.

   Brent Crude Oil Spot Price (I:BCOSPNK) - YCharts

   ycharts.com/indicators/brent_crude_oil_spot_price

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3. Top Stories

   • 

     Invezz

     Is $70-$75 the new normal for Brent crude oil prices?

     1 day ago

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     USA Today

     Crude oil prices today: WTI is trading at $67.30

     5 days ago

   • FXStreet

     Brent Crude Oil prices rise amid geopolitical tensions

     Brent crude oil prices climbed to 74.55 USD per barrel by Wednesday, marking a significant increase driven by escalating geopolitical tensions in the Middle East. The previous session saw prices surge by over 2% as fears grew over potential crude oil ...

     11 hours ago

   • USA Today

     Crude oil prices today: WTI prices are down 2.39% today

     1 week ago

   • FXEmpire.com

     Crude Oil Price Forecast – Crude Oil Continues to See Massive Volatility

     The crude oil markets continue to see a lot of noisy behavior, as the Tuesday session is a mess, but ultimately, it is a microcosm of what is going on in the world. The oil markets continue to see a lot of support underneath the current area,

     1 day ago

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4. www.iea.org › reports › oil-market-report-september-2024Oil Market Report - September 2024 – Analysis - IEA

   www.iea.org › reports › oil-market-report-september-2024

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   Sep 12, 2024 · Brent crude oil futures have plunged from a high of more than $82/bbl in early August to a near three-year low at just below $70/bbl on 11 September, despite hefty supply losses in Libya and continued crude oil inventory draws. Global oil demand growth is slowing sharply from its post-pandemic rates, as already forecast in the OMR for some time.

5. Videos

   • 

     3:46

     finance.yahoo.com

     Goldman trims its 2024 oil-price forecast as the US keeps pumping up supply

     Dec 18, 2023

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     oilprice.com

     Barclays Slashes $4 Off Brent Crude Oil Forecast For 2024 | OilPrice.com

     Nov 8, 2023

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     oilprice.com

     JP Morgan Expects Brent Crude to Average $83 in 2024 | OilPrice.com

     Nov 20, 2023

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6. ycharts.com › indicators › brent_crude_oil_spot_priceBrent Crude Oil Spot Price (I:BCOSPNK) - YCharts

   ycharts.com › indicators › brent_crude_oil_spot_price

   • Cached

   Aug 5, 2011 · In depth view into Brent Crude Oil Spot Price including historical data from 1987 to 2024, charts and stats. Brent Crude Oil Spot Price (I:BCOSPNK) 74.95 USD/bbl for Sep 23 2024

   • Category: Energy
   • Report: Weekly Petroleum Status

   • Last Value: 73.96
   • Source: Energy Information Administration

7. www.macrotrends.net › 1369Crude Oil Prices - 70 Year Historical Chart - Macrotrends

   www.macrotrends.net › 1369

   • Cached

   The price of oil shown is adjusted for inflation using the headline CPI and is shown by default on a logarithmic scale. The current month is updated on an hourly basis with today's latest value. The current price of WTI crude oil as of September 27, 2024 is $68.18 per barrel.

   Year	Averageclosing Price	Year Open	Year High
   2024	$77.72	$71.65	$87.01
   2023	$77.64	$80.26	$93.84
   2022	$94.53	$76.08	$123.70
   2021	$68.17	$47.62	$84.65

   See full list on macrotrends.net

8. www.iea.org › reports › oil-market-report-july-2024Oil Market Report - July 2024 – Analysis - IEA

   www.iea.org › reports › oil-market-report-july-2024

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   Crude oil prices recovered from six-month lows in June, with Brent futures rising by $5/bbl to $86/bbl. Falling crude stocks, investor short covering and renewed Middle East geopolitical tensions contributed to the price strength, with fund positions recovering from historically low levels.

9. www.iea.org › reports › oil-market-report-march-2024Oil Market Report - March 2024 – Analysis - IEA

   www.iea.org › reports › oil-market-report-march-2024

   • Cached

   Mar 14, 2024 · At the time of writing, Brent was trading at $83/bbl. Oil on water. Benchmark crude oil prices were range bound in early March, as the market had already priced in the announced extension of OPEC+ voluntary production cuts through 2Q24.

10. fred.stlouisfed.org › series › POILBREUSDMGlobal price of Brent Crude (POILBREUSDM) | FRED - St. Louis Fed

    fred.stlouisfed.org › series › POILBREUSDM

    • Cached

    Sep 11, 2024 · Graph and download economic data for Global price of Brent Crude (POILBREUSDM) from Jan 1990 to Aug 2024 about crude, oil, World, and price.