Forex
globalreutersSeptember 5, 20241 Mins read
Citi forecasting Brent crude oil into the US$60 range
globalreutersSeptember 5, 20241 Mins read Reuters with the info from Citi following the OPEc announcement earlier:
-
“We see the OPEC+ unwind delay and ongoing geopolitics and
financial positioning providing price support at $70-72 Brent” - We recommend selling
on a bounce toward $80 Brent, as we look ahead to moves down to the
$60 range in 2025 as a sizeable market surplus emerges”
–
Earlier:
This article was written by Eamonn Sheridan at www.forexlive.com.
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