{"id":110033,"date":"2024-12-31T19:18:00","date_gmt":"2024-12-31T15:18:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=110033"},"modified":"2025-01-01T01:05:08","modified_gmt":"2024-12-31T21:05:08","slug":"despite-daily-gains-oil-prices-end-year-with-losses-on-2025s-uncertainties","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/despite-daily-gains-oil-prices-end-year-with-losses-on-2025s-uncertainties\/12\/31\/market-updates\/","title":{"rendered":"Despite Daily Gains, Oil Prices End Year with Losses On 2025\u2019s Uncertainties"},"content":{"rendered":"Oil prices concluded 2024 with a second consecutive year of losses, despite a modest increase on Tuesday. While Brent crude futures and US West Texas Intermediate (WTI) crude saw slight gains, they remain below their year-end 2023 levels, indicating a subdued market.<br \/><br \/>The subdued price environment reflects a confluence of factors. Weakening demand from China, the world&#8217;s largest oil importer, is a significant concern. Furthermore, rising global oil supply, driven by increased production from non-OPEC sources, is expected to exert downward pressure on prices. Despite efforts by OPEC+ to stabilize the market, including production cuts, these headwinds are expected to persist in 2025.<br \/><br \/>Analysts anticipate that oil prices will remain constrained near the $70 per barrel level throughout the year. The International Energy Agency (IEA) predicts a surplus in the oil market in 2025, even with continued production cuts by OPEC+.<br \/>The outlook for 2025 is further complicated by several uncertainties. The Federal Reserve&#8217;s monetary policy stance will play a crucial role. While the central bank has recently signaled a slower path for interest rate cuts, lower interest rates generally stimulate economic growth and, consequently, oil demand.<br \/><br \/>The incoming Trump administration&#8217;s policies will also have a significant impact on the oil market. Potential policy shifts, including changes in trade policy, tax cuts, and immigration regulations, could have unforeseen consequences for the global economy and oil demand. <br \/><br \/>Additionally, the potential impact of geopolitical shifts, such as a potential ceasefire in the Russia-Ukraine war and changes in US policy towards Iran, remain significant uncertainties.<br \/>While data showing an expansion in Chinese manufacturing activity provided some support for oil prices, this was offset by the potential for increased oil production from Nigeria.<br \/><br \/>","protected":false},"excerpt":{"rendered":"<p>Oil prices concluded 2024 with a second consecutive year of losses, despite a modest increase on Tuesday. While Brent crude futures and US West Texas Intermediate (WTI) crude saw slight gains, they remain below their year-end 2023 levels, indicating a subdued market.The subdued price environment reflects a confluence of factors. Weakening demand from China, the &hellip;<\/p>\n","protected":false},"author":13,"featured_media":104249,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[6832,6846,8137,6897],"class_list":["post-110033","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-china","tag-oil","tag-oil-demand","tag-trump"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/110033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=110033"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/110033\/revisions"}],"predecessor-version":[{"id":110035,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/110033\/revisions\/110035"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/104249"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=110033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=110033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=110033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}