The most recent oil price forecast April 2025 scenario from Bloomberg Economics projects $89 per barrel as the median expectation, with upside risk if US crude inventory draws remain above 5 million barrels weekly. The production increases come as the International Energy Agency forecasts that oil demand will only increase by 700,000 barrels a day between 2025 and 2026. Thank you for choosing to be part of the Data Blog community! Your subscription is now active. The latest blog posts and blog-related announcements will be delivered directly to your email inbox. You may unsubscribe at any time. Oil price forecast April 2025 supply-demand balances indicate incremental upside if sanctions on Russian exports tighten, potentially adding $3–$5 to spot prices.