Wall Street's pessimistic expectations for the oil market in 2025 have shown signs of cracking. Institutions like Macquarie have stated that weak production growth and tighter supply balances have led to skepticism about next year's pessimistic forecasts. In a report to clients, Analyst Vikas Dwivedi from Macquarie indicated that as 2024 approaches its end, crude oil inventories have only seen a modest increase, whereas a significant increase had been predicted earlier this year. On the supply side, Macquarie predicts that OPEC+ will not restore production, and production in the USA will not see substantial growth.