Via Bloomberg overnight comes analysis from Citi on oil:
- price should find support in the year-end
- tentatively forecast Brent crude at $80/bbl (3-month horizon)
- 2024 should bring some weakness as balances loosen somewhat
Oil price forecast: Brent crude expected to reach $80/bbl on a 3 month time horizon
- 2024 may bring a touch more weakness as market balances loosen.
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}