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flag Crude oil markets fluctuate as forecasts predict lower US production and oil prices in 2026.

flag Crude oil markets saw increased volatility on June 13, 2025, influenced by global supply abundance and central bank policies. flag The US oil production is forecasted to decline in 2026, contrary to the Energy Secretary's optimistic view. flag The Energy Information Administration predicts lower oil prices, averaging near $60 per barrel by year-end, and expects US retail gasoline prices to average below $3.10 per gallon through 2026. flag OPEC projects a 44% increase in global oil demand by 2050, emphasizing the need for significant investments in the oil industry.

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