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The National Economic and Social Development Council (NESDC) expects the baht to trade between 34.5 and 35.5 per dollar in 2025 and Dubai crude to range from $75 to $85 per barrel. It cites Fed policy, Middle East conflict, falling US rig counts, US-China trade tensions and OPEC+ supply plans as the main drivers.
Expected oil volatility feeds through to diesel and freight costs for feed transport, and a volatile baht affects import costs for Thai feed buyers.
nationthailand.comDec 31, 2024Not enough comparable past events yet for a historical read.
After 54 past neutral macro events, Crude Oil (Brent) moved a median +0.4% over 5 sessions (57% higher; middle half -2.8% to +2.5%), and +0.6% over 20.
After 102 past neutral macro events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -3.3% to +2.5%), and +1.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
