Brent Crude Oil Prices Recent geopolitical tensions have led to significant fluctuations in Brent crude oil prices, marking the largest weekly increase since April, exacerbating inflation concerns as the rising energy costs ripple through the economy. Image: Deutsche Bank
Brent Crude Oil Price Forecast Goldman Sachs has lowered its forecast for Brent crude oil prices, projecting a trading range of $70 to $85 per barrel until the end of 2025, due to stable OPEC inventories, strong U.S. production, and weak demand from China. Image: Goldman Sachs Global Investment Research
Brent Oil Price Brent crude oil prices remain high relative to their levels five years ago, before the pandemic, reflecting past inflation’s impact. Image: J.P. Morgan
Oil Prices and U.S. Recessions The elections in 2024 across highly populated countries could have significant implications for geopolitics and the global economy. Political leaders should work towards calming geopolitics to prevent a surge in oil prices. Image: BofA Global Investment Strategy
Real Oil Price and U.S. Recessions While there has been a rebound in oil prices, they are still below the levels seen in 2022. Image: Goldman Sachs Global Investment Research
Oil Prices and Events Elevated oil prices can have a detrimental effect on economic activity and overall economic outcomes. Image: Real Investment Advice
Oil Price vs. U.S. 10-Year Breakeven Inflation Rate The correlation between oil prices and U.S. breakeven inflation rates is strong. Image: BofA Global Investment Strategy
WTI Oil Price vs. CPI Inflation (Leading Indicator) Oil prices tend to lead U.S. CPI inflation by 6 months. Image: Alpine Macro
Brent Crude Oil Prices – Forecast vs. Forwards Will oil prices go higher in 2023? Image: BofA Global Commodity Research
Oil Prices in Yen and Euros The near-term economic outlook for the Eurozone is bleak, while oil prices in euros are rising. Image: BofA Global Investment Strategy
Oil Price History Despite ongoing conflicts in the Middle East, oil prices have not reached new highs, primarily due to weak demand and increased production. Image: BofA Global Investment Strategy