Citi Says Oil Could Crash to Sub-$60 Level ...Middle East

OILPRICE - Economy
Citi Says Oil Could Crash to Sub-$60 Level
Citi analysts have painted a bleak picture for the oil market, forecasting a significant price drop by 2025. According to their latest note, they anticipate a decline to $60 per barrel for Brent crude, marking a decrease of over 20% compared to current market expectations. The report suggests that while short-term volatility may lead to some upside risks, the long-term trend is bearish. The expected surplus in the global oil market by 2025, despite efforts by OPEC+ to curtail production, is cited as the main reason behind the pessimistic outlook.…

Hence then, the article about citi says oil could crash to sub 60 level was published today ( ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Citi Says Oil Could Crash to Sub-$60 Level )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in Economy


Latest News