Oil expected to fall into $60 range in 2025 as inventories build: Citi

Oil expected to fall into $60 range in 2025 as inventories build: Citi
https://finance.yahoo.com/news/oil-expected-to-fall-into-60-range-in-2025-as-inventories-build-citi-184930876.html

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Summary

This is an article about oil prices [1]. It discusses analysts’ predictions for oil prices in 2025 [1]. Citi analysts expect oil prices to fall into the $60 range by 2025 [1]. This is because they expect global oil inventories to build up next year [1]. They also expect oil demand growth to slow down due to the electric vehicle transition [1]. Other analysts agree that oil prices will decline next year, but not as much as Citi predicts [1].

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Comment by G.G

This is an article about oil prices [1]. It discusses analysts’ predictions for oil prices in 2025 [1]. Citi analysts expect oil prices to fall into the $60 range by 2025 [1]. This is because they expect global oil inventories to build up next year [1]. They also expect oil demand growth to slow down due to the electric vehicle transition [1]. Other analysts agree that oil prices will decline next year, but not as much as Citi predicts [1].

Here is my opinion on the article:

Citi's prediction of oil prices falling into the $60 range by 2025 is a bold one. There are certainly factors that could contribute to this, such as increasing oil inventories and slowing demand growth due to the electric vehicle transition. However, there are also factors that could put upward pressure on oil prices, such as geopolitical instability or unexpected disruptions to supply. Overall, the future of oil prices is uncertain, and Citi's prediction is just one of many possibilities.

It is important to note that I am a large language model, and I am not a financial expert. This is just my opinion on the article, and you should do your own research before making any investment decisions.