Citi's Bearish Outlook: Potential Dip in Oil Prices to Impact Global Market Dynamics

Thursday, 13 June 2024, 10:39
Explore Citi's latest analysis projecting a significant drop in oil prices to $60 per barrel by 2025, driven by a looming surplus in the global market. In their most pessimistic scenario, Brent prices might plummet below $50 per barrel, indicating potential challenges for the energy sector and economic implications at a global scale. The forecast sheds light on the critical need for strategic market responses amidst evolving supply-demand dynamics.
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Citi's Bearish Outlook: Potential Dip in Oil Prices to Impact Global Market Dynamics

Citi's Forecast on Oil Prices

According to Citi's analysis, the potential decline in oil prices to $60 per barrel by 2025 has raised concerns within the financial community. In their most negative scenario, Brent prices could plummet below $50 per barrel by the end of 2025, highlighting the implications of a significant surplus in the global market.

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