Oil Demand Concerns Weigh on 2025 Price Outlook
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Oil demand growth has slowed significantly, impacting the 2025 price outlook. Brent crude is expected to average $71.57 per barrel, and West Texas Intermediate at $67.44 per barrel.
December 20, 2024 | 4:00 pm
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The United States Brent Oil Fund (BNO) may be impacted by the revised price outlook for Brent crude, which is expected to average $71.57 per barrel in 2025 due to slowing global oil demand growth.
BNO tracks the price of Brent crude oil, and a lower price outlook due to reduced demand growth could negatively impact its performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80