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A Reuters monthly poll of 41 economists and analysts forecasts Brent averaging $74.53 per barrel in 2025, down from $76.61 in October, marking a seventh straight downward revision. U.S. crude is projected at $70.69 per barrel for 2025.
Persistent downward revisions reflect weak Chinese demand and ample supply, which lowers the cost outlook for diesel and energy inputs feeding feed manufacturing and freight.
reuters.comAnmol ChoubeyNov 29, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
