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Valor | Energy Connection – Feb. 24, 2025

Valor

Brent crude fell 20 cents to $74.23 per barrel, while WTI dropped 28 cents to $70.12 per barrel, following a $2 decline on Friday. and Russia prepare for peace talks on Ukraine, with potential impacts on oil sanctions and seaborne shipments. crude output to grow from 13.2 crude oil inventories increase by 4.6

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Oil prices fluctuate despite supply boost by OPEC+

Crude Oil Futures

Despite President Trump's vocal "Drill, baby, drill" mantra, his push to boost crude oil supply has yet to fully take shape. Undeterred, he continues to press forward, shifting his focus toward pressuring oil producersparticularly in the Middle Eastto ramp up output until U.S. per barrel, respectively. and $70.36

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