Oil 2025: A Tailwind for Trump as Wall Street Projects Lower Crude Prices

Yahoo FinanceDec 31, 2024 19:25

2025 Crude Oil Product market outlook: Wall Street is pessimistic, and oil prices may head straight for 60 dollars?

① Due to the increase in global supply, many Wall Street Analysts believe that Crude Oil Product prices will show a downward trend in 2025; ② JPMorgan predicts that the average price of Brent Crude Oil will fall to $73 per barrel in 2025, while Bank of America forecasts that oil prices may drop to $65 per barrel in 2025; ③ The Organization of the Petroleum Exporting Countries (OPEC) may decide to increase Crude Oil Product supply in 2025.

cls.cnDec 31, 2024 16:52

Hong Kong stocks are moving differently | Petroleum stocks are collectively rising as the cold wave in the USA drives Crude Oil Product fluctuations upwards. Institutions continue to be Bullish on the long-term value of the "three major oil companies."

Petroleum stocks collectively rose, as of the time of publication, China Oilfield Services (02883) increased by 3.2%, reaching 7.1 Hong Kong dollars; Sinopec (00386) rose by 2.51%, reaching 4.49 Hong Kong dollars; CNOOC (00883) increased by 1.971%, reaching 19.22 Hong Kong dollars.

Zhitong FinanceDec 31, 2024 11:29

Trump claims he wants to "bring down" oil prices? Experts warn that the USA will lose its Energy dominance.

① The USA's incoming president Trump promised to significantly reduce RBOB Gasoline prices after taking office, but Energy market experts warn that this move could end the USA's oil dominance; ② USA oil producers have reached record high production levels, and the Global oversupply of oil is currently driving down prices, which means that USA oil producers are also lacking the motivation to continue to significantly increase production.

cls.cnDec 31, 2024 11:04

The most bullish oil prices in four months! Traders focus on "Trump VS Iran".

Although oversupply puts pressure on the oil market in 2025, investors are still preparing for upside risks, primarily influenced by Trump's stance on Iran after returning to the White House, as well as the ongoing geopolitical risks.

wallstreetcnDec 31, 2024 09:29

Oil Prices See Bullish Bets At Four-Month High Amid 2025 Risks

Business TodayDec 31, 2024 07:35