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Oil prices are set to average below $60 per barrel next year, investment banks have said in their latest forecasts in recent weeks.
Oil Prices Are Set to Fall Below $60 Next Year | OilPrice.com
Gas Prices Reflect Tomorrow’s Costs, Not Yesterday’s The second frustration—why prices jump before “cheap” gasoline is sold—comes down to replacement cost.
Oil prices opened the first trading session of 2026 slightly higher, supported by geopolitical tensions and new U.S. sanctions on Venezuela, despite lingering oversupply and weak demand growth.
Find U.S. and Canadian rig count and drilling data, and use Oilprice.com's graphing tools to compare oil prices, frac spread, production and drilling data per basin or province.
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Aluminum prices are climbing on the back of Chinese production caps, supply disruptions, and surging demand from EVs, defense, and infrastructure sectors.
Oil prices fell due to concerns about President Trump's tariffs and potential global recession, with West Texas Intermediate crude briefly dipping below $60 per barrel.