Reported 8 months ago
Citi analysts anticipate a decline in oil prices in 2025, with expectations of prices starting to fall into the $60 range. Despite a temporary rise this summer, the forecast is based on a build-up of global inventories next year, leading to a bearish outlook on oil prices. Factors including the phasing out of OPEC+ voluntary production cuts and slowing oil demand growth due to the electric vehicle transition contribute to the predicted decline.
Source: YAHOO