West Texas Intermediate Oil Price
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crude oil benchmark grade West Texas IntermediateYahoo Finance
•Shell PLC (SHEL) Stock Forecasts
69% Informative
Oil prices are down sharply from the $$ 115 -120 level, touched back in 1H22 when Russia invaded Ukraine .
For 2024 , we are now anticipating an average price of $ 78 , compared to $ 80 in 2023 and $ 95 in 2022 .
But forecasts for 2025 call for supply to exceed demand, which is likely to provide a ceiling to oil prices.
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