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1. • • EIA now expects Brent crude oil prices to average $88.55 a barrel this year, up from its earlier forecast of $87, while U.S. West Texas Intermediate crude prices are now expected to average $83.78 a barrel in 2024.
     www.reuters.com/markets/commodities/us-eia-raises-oil-output-price-forecasts-2024-2024-04-09/

     US EIA raises oil output, price forecasts for 2024 | Reuters

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   Will crude oil prices increase through 2024?

   • Prices and higher well productivity drive up U.S. crude oil production forecast tags: crude oiloil/petroleumpricesstates EIA forecasts crude oil prices will increase through 2024 as demand rises above supply tags: STEOconsumption/demandcrude oilliquid fuelsoil/petroleumprices+production/supply

   Analysis & Projections - U.S. Energy Information Administration (EIA)

   www.eia.gov/analysis/

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   Will US crude oil output grow more this year?

   • NEW YORK, April 9 (Reuters) - U.S. crude oil output is set to grow slightly more than earlier estimates for this year and next, the U.S. Energy Information Administration said on Tuesday, while also hiking its global and domestic oil price forecasts.

   US EIA raises oil output, price forecasts for 2024 | Reuters

   www.reuters.com/markets/commodities/us-eia-raises-oil-output-price-forecasts-2024-2024-04-09/

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   How much will oil cost in 2024?

   • Oil price prediction 2024: While EIA forecast the Brent crude oil price will average $89 per barrel (b) in 2024, World Bank and Fitch Ratings warns that, due to supply restrictions and a regional conflict, an oil price shock of 120/bbl in 2024 would hit growth and boost Inflation.

   Oil Forecast and Price Predictions 2024, 2025-2030 - CAPEX.com

   capex.com/en/overview/oil-price-prediction

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   Why are crude oil prices so high?

   • Crude oil prices are driven by global supply and demand. Economic growth is one of the biggest factors affecting petroleum product—and therefore crude oil—demand. Growing economies mean a higher demand for energy, in general, especially for transporting goods from producers to consumers.

   Oil prices and outlook - U.S. Energy Information Administration (EIA)

   www3.eia.gov/energyexplained/oil-and-petroleum-products/prices-and-outlook.php

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3. capex.com › en › overviewOil Forecast and Price Predictions 2024, 2025-2030 - CAPEX.com

   capex.com › en › overview

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   Apr 16, 2024 · Fitch Ratings forecast an oil price shock would hit 2024 growth and boost inflation. Fitch’s Global Economic Outlook (GEO) forecast oil prices will average USD75 a barrel (bbl) and USD70/bbl in 2024 and 2025, respectively.

4. www.eia.gov › outlooks › steoShort-Term Energy Outlook - U.S. Energy Information ...

   www.eia.gov › outlooks › steo

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   Jun 11, 2024 · U.S. crude oil production grows in our forecast by 2% from 2023 to an annual average of 13.2 million barrels per day (b/d) in 2024 and by another 4% in 2025 to 13.7 million b/d.

5. www.eia.gov › todayinenergy › detailEIA forecasts crude oil prices will increase through 2024 as ...

   www.eia.gov › todayinenergy › detail

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   Jul 19, 2023 · We forecast higher crude oil prices in the second half of 2023 and into 2024 in our latest Short-Term Energy Outlook (STEO) because of moderate but persistent inventory drawdowns. Inventory drawdowns take place when demand for a commodity is greater than the supply of that commodity.

6. www.eia.gov › analysisAnalysis & Projections - U.S. Energy Information ...

   www.eia.gov › analysis

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   EIA forecasts crude oil prices will increase through 2024 as demand rises above supply. tags: STEO consumption/demand crude oil liquid fuels oil/petroleum prices + production/supply. Increased U.S. renewable and natural gas generation likely to reduce summer coal demand.

7. www3.eia.gov › energyexplained › oil-and-petroleumOil prices and outlook - U.S. Energy Information ...

   www3.eia.gov › energyexplained › oil-and-petroleum

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   Aug 16, 2023 · Factors that affect oil prices such as hurricanes and extreme weather, political events, and OPEC oil production targets and spare crude oil production capacity.

8. www.reuters.com › markets › commoditiesUS EIA raises oil output, price forecasts for 2024 | Reuters

   www.reuters.com › markets › commodities

   Apr 9, 2024 · U.S. crude oil output is set to grow slightly more than earlier estimates for this year and next, the U.S. Energy Information Administration said on Tuesday, while also hiking its global and...

9. www.nytimes.com › 2024/04/09 › businessWhy Oil Prices Have Been Rising Recently - The New York Times

   www.nytimes.com › 2024/04/09 › business

   Apr 9, 2024 · Oil prices have climbed in recent weeks, spurred by concerns over supplies and geopolitical risks, including wars in Ukraine and the Middle East. Analysts say the momentum could carry prices...