The EIA predicts lower oil prices in 2025 and 2026 due to rising production and OPEC cuts, but the recent sanctions on Russia kept oil prices from falling.
Crude oil prices moved higher today, after the U.S. Energy Information Administration reported an inventory dip of 2 million barrels for the second week of the year.
Crudeprices today are moderately higher but remain below Wednesday's 3-month high. Signs of strength in the global economy support energy demand and crudeprices after German industrial ...