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2 Bold Oil Stock Predictions for 2025
CVXChevron(CVX) The Motley Fool·2024-12-28 11:26

This past year has been a relatively quiet one for the oil market. After a brief bounce, crude prices are on track to end 2024 in the low 70s−−rightaroundwheretheybegantheyear.Therehaven′tbeenanymajorsupplydisruptions,anddemandhasremainedresilient.It′sanyone′sguesswhatoilpriceswilldoin2025.I′veseenpredictionsthatcrudewillremainarounditscurrentlevelnextyear,whileotherprognosticatorsbelieveitcouldcollapseto70s -- right around where they began the year. There haven't been any major supply disruptions, and demand has remained resilient. It's anyone's guess what oil prices will do in 2025. I've seen predictions that crude will remain around its current level next year, while other prognosticators believe it could collapse to 50 a barrel. Given that oil prices are tough to pr ...