Oil Market 2025: Volatility Looms, 3 Resilient Stocks to Watch
ConocoPhillips(COP) ZACKS·2025-01-03 15:01
Crude prices had a turbulent 2024, shaped by a mix of geopolitical events, economic uncertainty, and shifting demand patterns. The confluence of these factors meant that West Texas Intermediate (“WTI”) gave a virtually flat performance for the year, closing at around $71 per barrel — almost 20% below April’s peak. This reflects weakened demand from China and a global market flush with supply.The oil market in 2025 is expected to remain volatile, balancing rising supply with tempered demand growth. While cha ...