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 production and oil from floating storage. They also said Trump’s presidency could lead to a decline in geopolitical tensions, further contributing…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com