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  1. www.jpmorgan.com › commodities › oil-price-forecastThe Forecast for Oil Prices | J.P. Morgan Research

    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.

  2. www.forbes.com › sites › gauravsharmaFree Falling: Why Oil Is Down By Nearly 10% In 2024 And Sliding

    Aug 21, 2024 · At 13:15pm EDT, the Brent front month futures contract was down 1.45% or $1.12 to $76.08 per barrel, while the West Texas Intermediate (WTI) was trading at $71.91 per barrel, down 1.72% or $1.26 ...

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  4. tradingeconomics.com › commodity › crude-oilCrude Oil Price - Chart - Historical Data - TRADING ECONOMICS

    Crude Oil decreased 0.08 USD/BBL or 0.11% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Crude Oil reached an all time high of 147.27 in July of 2008. Crude Oil - data, forecasts, historical chart - was last updated on November 5 of 2024.

  5. www.cbc.ca › news › canadaThree years of roaring oil prices could be coming to an end

    2 days ago · In 2022, the benchmark North American oil price, a crude blend known as West Texas Intermediate or WTI, was changing hands for more than $120 US per barrel at its peak. Last week, that same barrel ...

  6. www.iea.org › reports › oil-market-report-october-2024Oil Market Report - October 2024 – Analysis - IEA

    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.

  7. www.hl.co.uk › news › why-is-the-oil-price-fallingWhy is the oil price falling and what’s next for oil in 2024?

    For the first time since 2021, Brent crude oil dropped below $70 per barrel. ... Global oil demand growth for the first half of 2024 was 800,000 barrels per day, the slowest pace of growth since ...

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  9. www.investopedia.com › crude-oil-prices-fall-opecCrude Oil Prices Fall to Lowest Level of 2024 as OPEC Cuts ...

    Sep 10, 2024 · Brent crude futures fell more than 4% Tuesday, slipping below $69/barrel for the first time since May 2023. U.S. West Texas Intermediate (WTI) futures also skidded, trading around $65/barrel ...