Post by ferris1248 on Jun 20, 2024 16:37:31 GMT -5
luapnor will be so disappointed.
"Oil prices are expected to peak this summer before heading toward a steep decline in 2025, say Citi analysts."
"We essentially think ... global inventories will be building a lot next year," Citi's global energy strategist Eric Lee told Yahoo Finance this week."
"On Thursday, West Texas Intermediate (CL=F) rose slightly to hover above $82 per barrel, while Brent (BZ=F), the international benchmark price, inched above $85 per barrel."
"We do think that there is a bit of a tight stretch [with supply] through the summer, so we do see prices staying in the low- to mid-80s for a little longer. But as we're looking through the second half of the year into 2025, we really see markets getting a lot weightier," said Lee."
"Oil prices are expected to peak this summer before heading toward a steep decline in 2025, say Citi analysts."
"We essentially think ... global inventories will be building a lot next year," Citi's global energy strategist Eric Lee told Yahoo Finance this week."
"On Thursday, West Texas Intermediate (CL=F) rose slightly to hover above $82 per barrel, while Brent (BZ=F), the international benchmark price, inched above $85 per barrel."
"We do think that there is a bit of a tight stretch [with supply] through the summer, so we do see prices staying in the low- to mid-80s for a little longer. But as we're looking through the second half of the year into 2025, we really see markets getting a lot weightier," said Lee."
"Citi is known for its relatively bearish oil forecasts compared to the rest of Wall Street, though other analysts agree prices will likely decline next year."
finance.yahoo.com/news/oil-expected-to-fall-into-60-range-in-2025-as-inventories-build-citi-184930876.html
"Oil prices are expected to peak this summer before heading toward a steep decline in 2025, say Citi analysts."
"We essentially think ... global inventories will be building a lot next year," Citi's global energy strategist Eric Lee told Yahoo Finance this week."
"On Thursday, West Texas Intermediate (CL=F) rose slightly to hover above $82 per barrel, while Brent (BZ=F), the international benchmark price, inched above $85 per barrel."
"We do think that there is a bit of a tight stretch [with supply] through the summer, so we do see prices staying in the low- to mid-80s for a little longer. But as we're looking through the second half of the year into 2025, we really see markets getting a lot weightier," said Lee."
"Oil prices are expected to peak this summer before heading toward a steep decline in 2025, say Citi analysts."
"We essentially think ... global inventories will be building a lot next year," Citi's global energy strategist Eric Lee told Yahoo Finance this week."
"On Thursday, West Texas Intermediate (CL=F) rose slightly to hover above $82 per barrel, while Brent (BZ=F), the international benchmark price, inched above $85 per barrel."
"We do think that there is a bit of a tight stretch [with supply] through the summer, so we do see prices staying in the low- to mid-80s for a little longer. But as we're looking through the second half of the year into 2025, we really see markets getting a lot weightier," said Lee."
"Citi is known for its relatively bearish oil forecasts compared to the rest of Wall Street, though other analysts agree prices will likely decline next year."
finance.yahoo.com/news/oil-expected-to-fall-into-60-range-in-2025-as-inventories-build-citi-184930876.html