Oil standards are little changed for 2024; Demand concerns dampen price forecasts for 2025

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Data analysis in the commodity energy market: charts and quotes displayed. Analysis of US West Texas Intermediate crude oil prices. An amazing drop in prices over the last 20 years.

Slavko Sereda/iStock via Getty Images

Crude oil futures rose on Tuesday but ended the full year on a mixed note, as China’s economy struggled and the United States and other non-OPEC producers pumped more crude oil into the well-supplied global market.

US oil production rose by 260,000 barrels per day to reach a record level



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