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  2. Jul 18, 2024 · Long Forecast expects Brent Oil to close 2024 at 78.37, while WTI to close 2024 at 79.58 with a maximum price of 103 in August. Oil prices should continue to decline towards 60-65 USD until 2026, when they should bounce back.

    • Cristian Cochintu
  3. Sep 5, 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.

  4. Jul 16, 2024 · ANZ Research has cut its oil price forecast 2024, anticipating Brent to trade at $87 a barrel and WTI at $84/bbl. The forecast is lower than March’s estimate of $90/bbl and $85/bbl for Brent and WTI respectively.

  5. Jan 10, 2024 · 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. We expect that the price of West Texas Intermediate (WTI) will be slightly lower but generally follow the same path.

  6. Sep 5, 2024 · Despite a drop in the Brent crude oil spot price to $73 per barrel (b) on September 6, we expect ongoing withdrawals from global oil inventories will push prices back above $80/b this month. More oil will be taken out of inventories in the fourth quarter of 2024 (4Q24) that we previously expected because OPEC+ announced that they will delay ...

  7. Apr 12, 2024 · Brent crude futures breached the symbolic $90/bbl threshold on 5 April, up nearly $8/bbl from early March, reaching the highest level since October 2023, amid heightened tensions between Israel and Iran.

  8. Mar 14, 2024 · World oil demand growth is now forecast at 1.3 mb/d in 2024, down sharply from last year’s 2.3 mb/d expansion. The slowdown in growth, already apparent in recent data, means that oil consumption reverts towards its historical trend after several years of volatility from the post-pandemic rebound.

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