The Energy Information Administration lowered its 2025 forecasts for U.S. and global benchmark crude-oil prices, citing an expected climb in global oil production starting in the second quarter of next year,

Oil prices on the New York fuel exchange are slightly rising, but they remain close to this month's lowest levels. Brokers say investors are focused on the fuel demand outlook after OPEC countries lowered their oil demand growth forecasts for this and next year.

Technical analysis suggests that oil prices are eyeing a bounce but could face resistance around $74.00 and $76.35. Click to read.