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Citi Says Oil to Collapse to Low $70s in 2024

Bloomberg (is gated) reported on Citi's view that the price of oil will fall sharply in 2024:Brent crude will collapse to the low $70s a barrel next yearglobal oil market to swing back to a surplusshift reflects “more oil coming into the market,” “Higher prices in the near term could make for more downside for prices next year”That would be a big swing indeed. Owners of V8 JDM cars will be happier (cough). This article was written by Eamonn Sheridan at www.forexlive.com... Read More

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Citi

Says

Collapse

70s

2024

Forex

Posted: Oct 2 2023, 21:17

Author Name: forexlive

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