Josef Schachter of the Schachter Energy Report outlined his outlook for oil and natural gas in 2025, saying he sees oil prices moving higher. In his view, West Texas Intermediate could reach US$90 per barrel in Q4.
‘I’m now looking for potentially US$80 to US$82 for the average in 2025,’ Schachter added.
‘But the big thing is I think we’re looking at the US$90s on a consistent basis in Q4, with a range of US$84 to US$96. Going from US$70 to US$90 (in) Q4 of this year to Q4 of next year — that will wake everybody up.’
Watch the interview for more of his thoughts on the oil and gas outlook, including ways to invest.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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