The United States Energy Information Administration (EIA) forecasts that US crude oil demand will remain stable in 2025. However, it has raised its crude oil supply projections for 2025 to 2026.

As a result, international crude oil prices declined on January 14. West Texas Intermediate (WTI) crude for February delivery decreased by US$1.32 (1.67%), reaching US$77.50/barrel on the New York Mercantile Exchange. Brent crude for March delivery slid by US$1.09 (1.35), settling at US$79.92/barrel.