Banks Expect WTI Oil Prices Below $60 for 2025

Banks Expect WTI Oil Prices Below $60 for 2025

WTI oil prices are set to average $58.30 per barrel this year, amid rising OPEC+ and U.S. production and relatively stable global oil demand, a survey of banks by law firm Haynes Boone showed on Wednesday. A total of 28 banks – a record high number – participated in Haynes Boone’s Spring 2025 Energy Bank Price Deck Survey, now in its 12th year. The banks on average expect WTI Crude prices to average $58.30 per barrel in 2025, down from $61.89 a …

Banks Cut 2025 Oil Price Forecast Below $60, Survey Shows

Banks betting on market fundamentals despite trade policy upheaval – Oil & Gas 360

(World Oil) – Banks are staying confident in long-term energy fundamentals despite significant trade policy turbulence, according to the Spring 2025 Haynes Boone Energy Bank Price Deck Survey. The survey, now in its 12th edition, is a leading source of information for energy lenders and producers, providing crucial details on commodity price expectations. Based on internal data from 28 banks, a record number of participants, the latest survey sho

The $60 Oil Conundrum: Are Banks the Oracles of Oil Prices?

The oil and gas industry is no stranger to volatility, and 2025 is shaping up to be another wild ride. A recent headline grabbed the attention of investors and analysts alike: Banks Cut 2025 Oil Price Forecast Below $60, Survey Shows. According to a survey by law firm Haynes Boone LLP, 28 banks have slashed their expectations, pegging West Texas Intermediate (WTI) crude at an average of $58.30 per barrel for 2025—a 5.8% drop from their December …