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Article Summary
- The article is written by Julianne Geiger
- Citigroup predicts oil prices dropping to $60 under Trump due to various factors such as oversupply and weak demand
- The bank believes that oil prices will remain low for the foreseeable future
- Citigroup also mentions the possibility of a global recession affecting oil prices
- The article has a cautious tone, highlighting the uncertainties in the oil market and the potential impact on prices
Article Summary Powered By SYNCTOPIC AI
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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