RE:Citi bankLink Below
EIA recent report $89 for 2nd half of 2024 based on consistent world inventory draws.
https://www.eia.gov/outlooks/steo/#:~:text=Crude%20oil%20prices.,withdrawals%20from%20global%20oil%20inventories.
angelnicky wrote: Saying oil will be heading to 60 per barrel.
supply will exceed demand in 2025
Maybe it is time for companies to start hedging prices in the future