Moody's Analytics: It is expected that the price of Brent crude oil will be around $79 by the end of this year.

On January 22, Jinshi data, Moody’s Analytics expects that by the end of 2025, Brent crude oil prices will hover around $79 per barrel. Steve Cochrane, chief economist for the Asia-Pacific region, said that oil prices are expected to remain soft until 2026 and early 2027, and are expected to fall to slightly below $70 per barrel in early to mid-2027. After passing through all the current fluctuations and uncertainties, the global economy may start to accelerate, and demand will accelerate accordingly. The price of oil will return to the long-term trend of $70-75 per barrel by the end of this decade. However, one risk of this outlook is that the extent of supply reduction may exceed expectations. With an increasing number of ships transporting oil from Russia being subject to new sanctions, this may reduce supply and slightly push up prices.