Crude oil prices seen in $60–70 range in 2025, may fall further by year-end
Analysts forecast that crude oil prices will hover between $60-70 per barrel in 2025, potentially dropping below $60 by year-end. This is attributed to OPEC's boost in supply and declining global demand. Despite a recent rise in prices, OPEC's decision to gradually increase output is driven by higher inventories, lower demand, and a stable macroeconomic climate.