Reported 1 day ago
In 2024, oil prices dropped approximately 3%, marking a second consecutive year of decline, driven by weak demand from China and increased supply from non-OPEC producers. Brent crude futures ended the year at $74.64 per barrel, while forecasts for 2025 suggest prices will stabilize around $70 due to continued weak demand and elevated global supplies. Economic stimulus measures in China and ongoing geopolitical tensions, including U.S. military actions in the Middle East, may influence future price movements. Investors are advised to monitor oil-focused ETFs amid these developments.
Source: YAHOO