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Drop-In: Trump, OPEC, China – What’s driving oil prices in 2025?

An oil market that has mostly looked through a year of Middle East conflict now faces fresh, Trump-shaped, uncertainty. The president-elect’s campaign pledges on everything from Iran and Israel to climate policy to household energy bills appear to raise fundamental questions about where oil prices could go in 2025.

But will other forces have a greater influence on prices in the coming year? Our Commodities team held this special briefing all about the outlook for oil prices in 2025,

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