Crude Oil Prices 2025, Size, Trend, Graph, News and Forecast

North America

Crude oil prices in North America remained highly volatile during the fourth quarter of 2024. In October, prices experienced a short-lived rebound, driven by supply-side disruptions. The ongoing impact of Libya’s oil production outage from September continued into October, tightening global supply. Simultaneously, hurricanes in the Gulf of Mexico disrupted crude output and refinery operations, further constraining availability. The Federal Reserve’s first interest rate cut of the year in September also provided temporary support for prices.

However, this upward momentum quickly lost steam in November. Concerns about weak global demand, along with downward revisions to consumption forecasts by major institutions, weighed heavily on prices. Adding to the bearish sentiment, Donald Trump's victory in the U.S. presidential election raised expectations of a policy shift favoring increased domestic oil production, further undermining price support.

December brought relative market stability. While OPEC+ upheld its current production cuts, the diminished likelihood of deeper supply curbs kept a lid on any significant price recovery. Persistent concerns about global demand weakness continued to limit upward price movement.

APAC

The APAC crude oil market saw notable volatility throughout the fourth quarter of 2024. In October, oil prices temporarily surged, largely due to ongoing supply disruptions. The aftereffects of Libya’s September production halt continued to strain global supply, while hurricanes in the Gulf of Mexico severely disrupted both oil output and refinery operations. The U.S. Federal Reserve’s September interest rate cut also lent modest support to prices.

However, this momentum faded in November. Weaker global demand fundamentals and downgraded forecasts from major institutions significantly dampened market sentiment. Additionally, the outcome of the U.S. presidential election—marked by Trump’s victory—raised expectations for policies aimed at boosting domestic oil production, further weighing on investor confidence.

December brought a period of relative stability. Although OPEC+ maintained existing production cuts, the diminished prospect of deeper output reductions capped any meaningful upward price pressure. Underlying concerns about sluggish global demand continued to limit gains.

Get Real time Prices for Crude oil : https://www.chemanalyst.com/Pricing-data/crude-oil-1093

Europe

The European crude oil market faced considerable price volatility during the fourth quarter of 2024. October saw a brief spike in prices, driven by ongoing supply disruptions and heightened geopolitical risks. The lingering effects of Libya’s September production halt continued to tighten global supply, while escalating tensions between Israel and Hezbollah—alongside the potential for Iranian involvement—added a geopolitical risk premium to prices.

However, this rally was short-lived. By November, the absence of major retaliatory action by Israel led to an easing of geopolitical tensions, softening the risk premium. Simultaneously, weakening global demand fundamentals and lowered forecasts from key institutions weighed heavily on market sentiment. Investor confidence was further dampened by Trump’s U.S. election victory, which signaled a likely shift toward policies favoring increased domestic oil production.

In December, the market entered a phase of relative calm. Although OPEC+ maintained its existing production cuts, diminished expectations for deeper reductions limited any substantial upward pressure on prices. Persistent concerns about global demand continued to constrain the market’s recovery.

South America

The South American crude oil market experienced pronounced volatility in the fourth quarter of 2024. October brought a temporary spike in prices, largely driven by global supply disruptions. The continued impact of Libya’s September production outage strained supply, while hurricanes in the Gulf of Mexico significantly affected both crude output and refining operations. The Federal Reserve’s interest rate cut in September also provided modest support to oil prices.

However, this price rebound was short-lived. In November, market sentiment weakened amid concerns over sluggish global demand and downward revisions to demand forecasts by major institutions. Additionally, Trump’s victory in the U.S. presidential election signaled potential policy shifts favoring increased domestic oil production, further dampening investor confidence.

By December, the market stabilized somewhat. OPEC+ maintained its existing production cuts, but with expectations for deeper reductions fading, any upward price momentum remained limited. Persistent demand-side weakness continued to act as a ceiling on price recovery.

Middle East

The Middle East crude oil market experienced considerable price volatility during the fourth quarter of 2024. In October, oil prices saw a temporary surge, driven by ongoing supply disruptions and rising geopolitical tensions. The continued impact of Libya’s production outage from September constrained global supply, while escalating conflict between Israel and Hezbollah—with the potential for Iranian involvement—amplified geopolitical risks, adding upward pressure to prices.

However, this momentum faded in November. As Israel refrained from major retaliatory action, tensions began to ease, reducing the geopolitical risk premium. At the same time, weakening global demand and downward revisions to demand forecasts from leading institutions weighed heavily on market sentiment. Trump's victory in the U.S. presidential election also fueled expectations of policies favoring increased domestic oil production, further dampening investor optimism.

By December, the market stabilized. Although OPEC+ upheld its current production cuts, fading expectations of deeper reductions limited any significant upward movement in prices. Continued concerns over subdued global demand kept oil price gains in check.

Get Real time Prices for Crude oil : https://www.chemanalyst.com/Pricing-data/crude-oil-1093

 

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