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Crude Oil decreased 1.46 USD/BBL or 2.04% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on November of 2024.
- Uranium
Uranium decreased 10.60 USD/LBS or 11.65% since the...
- Uranium
Oct 15, 2024 · In addition, global oil inventories are much lower today, currently standing at 4.4 billion barrels — the lowest on record since January 2017. Overall, J.P. Morgan Commodities Research forecasts Brent could average $80/bbl in the fourth quarter of 2024 and $75/bbl in 2025, declining to the low $60s by end-2025.
- J.P. Morgan
Jan 9, 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. Although we forecast prices to average near $80/b over the ...
Jan 10, 2024 · In the first quarter of 2024 (1Q24), we expect crude oil prices to rise somewhat, driven by OPEC+ production cuts leading to global stock draws of 810,000 barrels per day (b/d). As a result of the stock draws, we forecast the price of Brent will increase from $78/b in December 2023 to $85/b in March 2024.
Oct 15, 2024 · World oil demand is on track to expand by just shy of 900 kb/d in 2024 and close to 1 mb/d in 2025, marking a sharp slowdown on the roughly 2 mb/d seen over the 2022-2023 post-pandemic period. China underpins the deceleration in growth, accounting for around 20% of global gains both this year and next year, compared to almost 70% in 2023.
Nov 7, 2024 · Over 2024 and 2025, India accounts for 25% of total oil consumption growth globally. We expect an increase of 1.0 million barrels per day (b/d) in global consumption of liquid fuels in 2024. We expect even more growth next year, with global oil consumption rising by 1.2 million b/d. Global oil inventories and prices.
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Live interactive chart of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel. The current price of WTI crude oil as of November 18, 2024 is 67.34 per barrel. FX_IDC:USDWTI.