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Goldman Sachs Predicts 2025 Oil Prices Between $70-$85

4/14/2025

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Summary

Story summary

Goldman Sachs anticipates Brent crude oil prices will range from $70 to $85 per barrel in 2025, averaging $76.
The IEA predicts a decline to $74 per barrel in 2025 due to rising global oil production outpacing demand.
Geopolitical tensions and OPEC+ production cuts contribute to ongoing oil price volatility.
The Canadian dollar's value is closely linked to oil prices, affecting its economy amid these fluctuations.

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Story summary

Goldman Sachs anticipates Brent crude oil prices will range from $70 to $85 per barrel in 2025, averaging $76.
The IEA predicts a decline to $74 per barrel in 2025 due to rising global oil production outpacing demand.
Geopolitical tensions and OPEC+ production cuts contribute to ongoing oil price volatility.
The Canadian dollar's value is closely linked to oil prices, affecting its economy amid these fluctuations.