Oil Price Forecast For 2025 – WTI Oil Will Test The $60 Level

China may have provided significant support to oil markets, but its economy did not manage to fully recover after the coronavirus pandemic. The country’s economy has two key problems. First, the local population does not want to spend money as much as it used to before the pandemic, and government’s attempts to boost domestic consumption have yielded mixed results.Second, U.S. – China tensions increase month after month. U.S. is an extremely important trade partner for China, and current problems in relatio ...