Bank of America said Thursday it expects Brent crude prices will drop below $60/bbl in this year's H2, as rising production by OPEC+ will increase the crude oil market surplus. BofA forecasts an ...

BofA said, however, Brent oil price could rebound above $70/bbl by the summer of 2026 due to a combination of easier global monetary policy, a weaker dollar, more disciplined OPEC+ production and ...

Oil futures were higher after two days of losses with the market awaiting Friday’s U.S.-Russia summit and digesting higher EIA and IEA estimates for global inventory builds.

The Energy Information Administration predicts a significant drop in global oil prices, with Brent crude falling from $71 to ...

The U.S. Energy Information Administration on Tuesday forecast Brent crude oil spot prices will average less than $60 per ...

The NYMEX September West Texas Intermediate oil contract was 89cts lower at $62.28/bbl and October WTI was down by about the same to $61.59/bbl at about 11:30 a.m. ET. The October Brent crude contract ...

Brent futures settled down 16 cents, or 0.2%, to $67.61 a barrel on Monday, while U.S. West Texas Intermediate crude settled down 41 cents, or 0.6%, at $65.11 a barrel.

WTI crude oil futures were higher but momentum was now turning bearish, based on the technical chart.

The bank boosted its H2 2025 Brent forecast by $5/bbl to $66/bbl, and by $6 for WTI crude to $63/bbl from $57, while maintaining its price forecast for 2026 at $56/bbl for Brent and $52 for WTI ...