CFRA Research Energy equity analyst and deputy research director Stewart Glickman joins Asking for a Trend to discuss his outlook on oil prices (BZ=F, CL=F). Glickman forecasts “mediocre” crude oil pricing for 2025, projecting WTI crude at around $65 per barrel and Brent crude at “somewhere close to $70.” He notes that the current price range is likely to persist. However, he cautions that this outlook is “not great news for energy investors.” He points to record-high oil production levels, which he expects to plateau in the coming year. “Couple that with a wobbly demand outlook, and I don’t think it’s great for pricing,” Glickman explains. He tells Yahoo Finance that oil markets “haven’t really found a sustainable path towards much higher oil prices.”
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