Reuters with the info from Citi following the OPEc announcement earlier:
“We see the OPEC+ unwind delay and ongoing geopolitics and
financial positioning providing price support at $70-72 Brent”We recommend selling
on a bounce toward $80 Brent, as we look ahead to moves down to the
$60 range in 2025 as a sizeable market surplus emerges”
–
Earlier:
JP Morgan forecasts Brent crude oil to low $60sOPEC+ agrees to delay October oil output increase – report
This article was written by Eamonn Sheridan at www.forexlive.com.
