Institutions: It is expected that the average price of Brent oil will fluctuate significantly in 2025 and is expected to fall to $70.

On January 2nd, Jin10 Data reported that Maybank predicts that there will be significant Fluctuation in Brent crude oil prices this year, and they will be relatively weak, with an average price of $70 per barrel, compared to $80 per barrel last year. The bank stated that with the possibility of OPEC+ easing production cuts, the oil market may experience oversupply. However, any escalation in geopolitical tensions could increase the war premium on oil prices, as people are concerned about supply disruptions, as we saw during the Russia-Ukraine conflict, when oil prices pumped about 50% (Brent crude oil prices rose from $80 per barrel to $120 per barrel),” the bank added.