BMI lowers 2025 Brent crude annual average price to US$76 per barrel

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KUALA LUMPUR: BMI, a unit of Fitch Solutions, revised downward its annual average of US$76 per barrel for Brent crude in 2025, down from US$78 per barrel previously.

BMI added that higher tariffs in the US could, when coupled with a rise in deportations and domestic tax cuts, lead to a re-emergence of inflationary pressures.

It said China, which is subject to a growing number of trade barriers globally, would be a primary target, and the US and China alone account for around 37 per cent of global oil consumption.

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Category: EconomyBusiness

Markets: MalaysiaChinaIsraelMexico

Topics: BMI US OPEC+ Oil prices Donald Trump /Business/Business News Tariffs Brent Commodities

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Article Type: News Report

Published On: 2024-12-06 @ 13:56:00 (2 weeks ago)

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News Source URL: thestar.com.my

Language: English

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