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Citi Sees Pressure on 2025 Oil Prices
Oil Prices Drop After Trump Victory
Oil prices fell as Donald Trump secured the presidency. Brent, the global benchmark for crude oil, fell nearly 2% to trade a little over $74 a barrel. West Texas Intermediate, the U.S. equivalent, also dropped.
Citi predicts pressure on oil prices in 2025 under second Trump presidency
Crude oil futures slump on concerns about Chinese demand and limited impact from Hurricane Rafael; Biden administration buys last batch for Strategic Petroleum Reserve.
Trump's victory may pressure oil prices through 2025, Citi says
Citi forecasted on Wednesday that U.S. President-elect Donald Trump's second term could exert downward pressure on oil through 2025, with Brent crude forecasted to average at $60 per barrel, primarily due to potential trade tariffs and increased oil supply.
Oil Falls
Oil Prices Decline As Hurricane Risk Fades, China Demand Weakens
Oil prices fell Friday as Hurricane Rafael fears eased and concerns grew over weakening Chinese demand, with October crude imports down 9%.
Oil prices fall more than 1% as Hurricane Rafael risk recedes
Oil prices fell on Friday on receding fears over the impact of Hurricane Rafael on oil and gas infrastructure in the U.S. Gulf while investors also weighed up fresh Chinese economic stimulus. Brent crude oil futures lost $1.
Oil Falls as Hurricane Rafael Is Set to Weaken
Oil prices fell in early European trade as Hurricane Rafael is forecast to start weakening, easing risks to U.S. output.
1d
Crude oil prices today: WTI prices are up 0.03% today
WTI oil has an American Petroleum Institute gravity of 39.6 degrees, considered “light.” WTI also has a sulfur content of ...
Hosted on MSN
1d
Oil prices fall 3% as US hurricane risk recedes, China stimulus disappoints
NEW YORK/LONDON (Reuters) -
Oil
prices
fell 3% on Friday on easing fears of prolonged supply disruptions from a hurricane ...
22h
India says oil prices would have rocketed without its Russian imports
Global oil prices "would have hit the roof" if big importer India had not bought oil from Russia following the Ukraine war, ...
Crude Oil Prices
1d
Oil Prices Set for Weekly Gains on Election Results
Oil prices showed weekly gains despite an initial dip after the U.S. election and news of a weakening hurricane, with Brent ...
4d
How Trump may deliver lower oil prices but ‘mixed’ performances for oil and gas stocks
How could the White House race’s outcome shake up the fossil-fuel industry? Analysts anticipate that Trump could deliver ...
1d
Lower oil prices drag UAE markets down
Stock markets in the United Arab Emirates closed lower on Friday, driven by a drop in oil prices on subsiding risks of the ...
3d
on MSN
Crude Oil Prices Drop 2.5% As US Dollar Strengthens Amid US Election News
On November 6, crude oil prices experienced a 2.5 per cent decline, breaking a five-day streak of gains. This drop was driven ...
The Associated Press on MSN
12d
Oil prices fall as reality of weak global demand overtakes risk of wider war in Middle East
Global oil prices are falling sharply after a retaliatory strike by Israel over the weekend targeted Iranian military sites ...
Markets Insider on MSN
4d
Russia's oil revenue plummeted 29% in October amid volatile global crude prices
One of Russia's largest revenue sources took a hit in October, with oil revenue falling nearly 30% on an annual basis.
3d
on MSN
Oil prices end with a modest loss as Trump’s win lifts the dollar
Oil futures turned higher in Wednesday dealings, with U.S. prices finding support after a brief drip below $70 a barrel as ...
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