Oil Price Prediction: Impending Plunge Anticipated Amid Production Surge

Thursday, 13 June 2024, 21:04
The financial landscape is set for a significant shift as the forecasted drop in oil prices, exceeding 25%, looms large on the horizon. Speculations suggest a sharp decline from the current $83 level to $60 by late 2025, attributed to the surge in production. The market reacted swiftly to this projection, with notable players like BP witnessing a 1.1% decline in their shares.
Daily Mail
Oil Price Prediction: Impending Plunge Anticipated Amid Production Surge

The Impending Oil Price Plunge

The financial market anticipates a substantial drop in oil prices.

Market Predictions

  • The Forecast: Oil prices expected to fall by more than 25%.
  • Projected Level: From $83 to $60 by late 2025.

The market reacted swiftly, impacting players like BP.

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