Oil's price will surpass 80 USD in 2025 on better global economy and ongoing political unrest, according to Wolfteam Ltd.'s projections and estimates.
Now that it is clear that tariffs are a negotiating strategy of Donald Trump's US Presidential administration the US and global economy will recover from the first negative growth quarter for the US and slow global growth in 1Q 2025.
In addition, geopolitical unrest, namely the Russia Ukraine, the Gaza, India Pakistan conflicts and the simmering tensions surrounding Iran, which is the 5th largest oil producer are here to stay in the short-term.
All these factors will combine to push oil's prices higher than the 80 USD mark both for West Texas Intermediate and Brent sorts, in Wolfteam Ltd.'s view.
Consecutively, all the oil majors, namely Exxon Mobil, Chevron, Royal Dutch Shell, BP, Total and mid sized oil producers like Occidental Petroleum, Devon Energy, Duke Energy etc. are structurally mid-term and long-term undervalued.
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