The holiday season often sees low volume and steadying of prices across numerous sectors. Oil is not immune to this, however, traders are looking toward 2025 and especially with regards to Trump's upcoming presidency. The steadying of prices is noteworthy after recent declines. In this subscriber-only article, we analyze this situation.
As of 30th December 2024, Oil markets held steady as traders shifted their focus to the complexities of 2025, with concerns ranging from a looming supply glut to the policy unpredictability of President-elect Donald Trump’s incoming administration.
West Texas Intermediate (WTI) remained above $70 per barrel following a 1.6% gain last week, while Brent hovered near $74. However, growing consensus suggests that the global oil market may face oversupply next year, a scenario that could complicate efforts by OPEC and its allies to reactivate idled production.
Despite recent fluctuations, crude oil is on track to post an annual ...
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