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- The global benchmark will average $75 a barrel in the fourth quarter, according to a note from analysts including Martijn Rats. That compares with an earlier projection of $80 between October and December, which was issued just last month in a cut from the prior outlook for $85.
www.bnnbloomberg.ca/business/international/2024/09/09/morgan-stanley-cuts-oil-forecast-again-as-market-concerns-deepen/
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Oct 15, 2024 · 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. Against a backdrop of rising geopolitical tensions and heightened market volatility, crude oil prices have soared in recent weeks.
Sep 9, 2024 · (Bloomberg) -- Morgan Stanley reduced its Brent crude price forecasts for the second time in a matter of weeks, as demand challenges mount while supplies remain plentiful. The global benchmark will average $75 a barrel in the fourth quarter, according to a note from analysts including Martijn Rats.
Jan 9, 2024 · The analysis from Deloitte released Tuesday predicts an average WTI price — typically regarded as the benchmark for crude oil — of $72 US per barrel this year.
Aug 13, 2024 · Oil markets exhibited Olympic levels of volatility over recent weeks. Benchmark crude oil prices tumbled sharply lower in July and early August as unexpected economic data threw the market off balance.
Mar 14, 2024 · 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. North Sea Dated rose by $2.13/bbl to $84.66/bbl during February as continued tanker attacks in the Red Sea lengthened supply routes and global on-land oil inventories fell for a ...
Oct 3, 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.
Crude Oil - data, forecasts, historical chart - was last updated on November 1 of 2024. Crude Oil decreased 0.73 USD/BBL or 1.02% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.
