Oil edges up but Brent on course for longest stretch of annual losses in 2025

Oil prices are poised for a significant drop in 2025, exceeding fifteen percent. Supply is expected to outpace demand, even with ongoing geopolitical conflicts. Analysts predict Brent crude could reach fifty-five dollars a barrel in early 2025. OPEC+ has paused output increases for the first quarter of 2026. Geopolitical risks may provide a floor for prices.