Crude Oil Price Forecast for 2024, 2025, 2026-2030 and Beyond: WTI and Brent Outlook

The question of whether oil will rise or fall is a pressing concern for traders and investors who closely follow the energy market. Geopolitical and economic factors make oil price forecasting a challenging task. Therefore, it is crucial to analyze expert forecasts before making informed trading decisions. Recent data shows a notable decrease in oil purchases of WTI and Brent among asset managers. According to the Commodity Futures Trading Commission, the pace of reduction is the fastest in 4 years. Meanwhile, OPEC is sticking to its decision for member countries to temporarily reduce production until the end of 2024, preventing... Read full author’s opinion and review in blog of #LiteFinance