# Baht, oil prices expected to face volatility in 2025: NESDC

> 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.

- Date: 2024-12-31 · published 2024-12-31T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/27244-baht-oil-prices-expected-to-face-volatility-in-2025-nesdc
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Expected oil volatility feeds through to diesel and freight costs for feed transport, and a volatile baht affects import costs for Thai feed buyers.

## Read by commodity

- WTI: neutral
- BRENT: neutral
- USDTHB: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2017-12-01 | [Crude oil prices to be under pressure in first half of 2018: S&P](https://feedsoft.ai/events/67647-crude-oil-prices-to-be-under-pressure-in-first-half-of-2018-s-and-p.md) | -2.0% | +4.9% |
| BRENT | 2022-03-15 | [Hedge funds slash oil positions amid extreme volatility](https://feedsoft.ai/events/5998-hedge-funds-slash-oil-positions-amid-extreme-volatility.md) | +9.5% | -9.6% |
| BRENT | 2025-01-09 | [How geopolitics will ripple through oil prices in 2025 \| Goldman Sachs](https://feedsoft.ai/events/26688-how-geopolitics-will-ripple-through-oil-prices-in-2025-goldman-sachs.md) | +7.8% | -2.7% |
| BRENT | 2024-01-04 | [Oil prices remain volatile amid uncertainty arising from geopolitical conflict](https://feedsoft.ai/events/32316-oil-prices-remain-volatile-amid-uncertainty-arising-from-geopolitical-conflict.md) | -0.1% | +6.0% |
| BRENT | 2020-12-03 | [Why the OPEC+ agreement to boost production in 2021 didn’t tank oil prices - MarketWatch](https://feedsoft.ai/events/49827-why-the-opec-agreement-to-boost-production-in-2021-didn-t-tank-oil-prices.md) | +1.7% | +7.3% |
| WTI | 2017-12-01 | [Crude oil prices to be under pressure in first half of 2018: S&P](https://feedsoft.ai/events/67647-crude-oil-prices-to-be-under-pressure-in-first-half-of-2018-s-and-p.md) | -1.5% | +5.3% |
| WTI | 2022-03-15 | [Hedge funds slash oil positions amid extreme volatility](https://feedsoft.ai/events/5998-hedge-funds-slash-oil-positions-amid-extreme-volatility.md) | +8.7% | -8.6% |
| WTI | 2020-12-03 | [Why the OPEC+ agreement to boost production in 2021 didn’t tank oil prices - MarketWatch](https://feedsoft.ai/events/49827-why-the-opec-agreement-to-boost-production-in-2021-didn-t-tank-oil-prices.md) | +0.5% | +7.0% |

## Sources

- nationthailand.com: https://www.nationthailand.com/business/economy/40044688

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.