By Tom Kool – Oct 15, 2025, 2:00 PM CDT Oil prices extended losses on Wednesday as rising OPEC+ supply and escalating U.S.-China trade tensions deepened concerns over global demand, prompting Bank of America to warn that Brent crude could drop below $50 per barrel in the months ahead. In midday trading at 1:13p.m. ET […]
Crude Oil Could Fall Below $50, BofA Warns Read More »
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Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Jul 02, 2024, 12:30 PM CDT The U.S. national average price of gasoline on July 4 is expected at $3.49 per gallon, which would be the lowest price on Independence Day since 2021, fuel-savings platform GasBuddy said on Tuesday. Gasoline prices have
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As bullish sentiment continues to build and Brent settles comfortably above the $90 mark, oil prices look set to continue to climb this week. – German industrial production finally broke through the cycle of gloom after it posted a 2.1% increase in February, well above the consensus expectation of a 0.5% rise month-over-month. – Although Germany’s manufacturing
Brent Could Climb to $95 as Bullish Sentiment Builds Read More »
Oil prices have been strengthening over the past few weeks. The trend is not of particularly noticeable proportions, with Brent still stuck in the low $80s and West Texas Intermediate hovering around $80 per barrel. This could change later in the year, however, Morgan Stanley’s global oil strategist Martijn Rats has predicted. In fact, prices
Oil Could Rise More than Anyone Expects This Year Read More »
