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Article Summary
- The article by Tsvetana Paraskova discusses Citi's prediction that oil prices could drop to $60 under President Trump's policies
- The author highlights how Citi's forecast is based on the assumption that the US would continue to increase oil production
- The article mentions how Citi believes oil prices could fall due to a potential lack of coordination among OPEC members
- It also discusses how Citi sees the US shale boom as a key factor in potentially pushing oil prices down
- The tone of the article is informative and analytical, presenting Citi's prediction and the factors influencing oil prices under Trump's administration
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Citi Sees Oil Prices Dropping To $60 Under Trump
Citi analysts have forecast that Brent crude would average $60 per barrel next year driven lower by the energy policies of the incoming U.S. administration. The bank noted import tariffs and higher oil production as the driving factors behind this forecast for oil prices. Analysts also suggested Trump may use his influence on OPEC+ to convince the group to bring supply back, including produc...
https://oilprice.com/Energy/Energy-General/Citi-Se...
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