RBC Projects Oil Prices to Drop to Approximately $56 per Barrel in 2024, Amid Production Surge Outpacing Demand
3 week ago / Read about 0 minute
Author:小编   

RBC forecasts that oil prices will decline to approximately $56 per barrel in the upcoming year, driven by a surge in global oil production during the second half of this year that is nearly four times greater than the growth in demand. This increase in inventories is expected to exert significant downward pressure on oil prices.