WTI oil prices are set to average $58.30 per barrel this year, amid rising OPEC+ and U.S. production and relatively stable global oil demand, a survey of banks by law firm Haynes Boone showed on Wednesday. A total of 28 banks – a record high number – participated in Haynes Boone’s Spring 2025 Energy Bank Price Deck Survey, now in its 12th year.
The banks on average expect WTI Crude prices to average $58.30 per barrel in 2025, down from $61.89 a barrel expected in Haynes Boone’s Fall 2024 survey. The banks’ reduction…Banks Expect WTI Oil Prices Below $60 for 2025
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