Analysts Cut Oil Price Forecasts for Fourth Consecutive Month

Crude Oil Price Trend, News, Historical & Forecast, Chart

The crude oil prices averaged around 69.33 USD/barrel (USA, spot) in September'24. While the US Federal Reserve is expected to announce rate cuts, the officials ...

Oil prices hold near 2-week low after Opec cuts demand view, dollar ...

Opec cut its forecast for global oil demand growth in 2024 and also lowered its projection for next year, marking the producer group's fourth ...

Crude Oil Prices, News, Monitor, Analysis & Demand - ChemAnalyst

The Q3 of 2024 for Crude Oil prices in the North American region has been marked by a consistent downward trend, reflecting a challenging market ...

OPEC again cuts 2024, 2025 oil demand growth forecasts

In a monthly report on Tuesday, OPEC said world oil demand would rise by 1.82 million barrels per day in 2024, down from growth of 1.93 million ...

Oil set for weekly loss on demand concerns and expectations of oil ...

Swiss lender UBS lowered its Brent price forecast for next year to $80 a barrel from $85, citing slower-than-expected Chinese oil demand growth.

Oil heads for weekly loss as Chinese demand continues to ...

The International Energy Agency forecast global oil supply will exceed demand in 2025 even if cuts remain in place from Opec+, which includes ...

Farm Futures afternoon market report

Energy futures also slumped lower, with crude oil down 2.25% to $67 per barrel. Diesel and gasoline futures each eroded around 1.5% lower this ...

IEA raises 2024 oil demand growth estimate on US outlook ...

2024 oil supply estimate slashed by 930000 b/d on OPEC+ cuts, Q1 weather Global onshore stocks lowest since 2016 as attacks boost volumes in ...

Gold vs Oil | Yellow metal up 13%, Brent crashes 17% in three months

Crude oil prices logged a 17 per cent loss for the July-September period as fears that a widening conflict in the Middle East could curtail ...

USD rallies, Oil falls – Eyes on US CPI data [Video] - FXStreet

Add to that the fact that OPEC cut its oil demand forecast for fourth consecutive month this week, and you have a comfortably bearish picture in ...

Oil prices steady ahead of OPEC report, China stimulus limit gains

OPEC cut its forecast for global oil demand growth in 2024, marking the producer group's fourth consecutive downward revision.

Peso up as oil prices stay near 2-week low on OPEC forecasts

OPEC cut its forecast for global oil demand growth in 2024 and also lowered its projection for next year, marking the producer group's fourth ...

Oil Holds Near November Lows as Traders Brace for Crude Glut

Also weighing on oil: OPEC cut its demand growth forecasts for a fourth consecutive month and the dollar hit a one-year high, making ...

Oil prices drop as U.S. inventory data misses expectations, markets ...

Upcoming reports and demand outlook ... Attention has shifted to the IEA's forthcoming monthly report, which is expected later on Thursday. This ...

Crude Prices Slide as China's Energy Demand Weakens - Nasdaq

Global energy demand concerns undercut crude prices after OPEC on Tuesday cut ... fourth consecutive month the cartel has reduced its crude demand ...

Oil Market Dips Amid Eased Supply Fears and Lower Demand ...

Technical Analysis: The oil market ... The IEA further cut its global oil demand growth forecast ... month last year, a fourth consecutive month of declines.

Analysts cut oil price forecasts for fifth month in a row - Oil & Gas 360

Brent Crude prices are now expected to average $81.52 per barrel this year, according to analysts in the Reuters survey.

Analysts unveil ExxonMobil stock price target after oil price collapse

"The chief driver of this downturn is a rapidly slowing China, where consumption contracted year-over-year for a fourth straight month in July, ...

Brent Oil Prices Steady Despite OPEC Demand Forecast Cut, Where ...

Technical analysis suggests that oil prices are eyeing a bounce but could face resistance around $74.00 and $76.35. Click to read.

Oil Updates – crude prices hold ground after OPEC lowers demand ...

LONDON: The Organization of the Petroleum Exporting Countries has again downgraded its global oil demand growth projections for both 2024 and ...