Crude oil stock price forecast the crude oil stock price forecast for

The crude oil stock price forecast for Q2 2024 shows Brent trading near $83.45 per barrel, with analysts expecting mild upward pressure due to tightening OPEC+ supply. Equity markets remain sensitive to inventory data from the U.S. Energy Information Administration (EIA). The cartel wants to regain market share lost to U.S. shale producers, Brazil and Guyana, and to rein in other OPEC members that routinely exceed production quotas. Lower oil prices also would please President Trump, who repeatedly has called for lower gas prices at the pump. - Daily crude oil production increased to around 13.49 million barrels per day Inventory cycle models in Bloomberg’s energy analytics platform show crude oil stock price forecast rising towards $84.50 in the next 30 days, assuming consistent drawdowns in OECD stocks.