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International Oil Price Forecast Continues to Decline… Good News for Drivers

2024-09-10 (화)
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International Oil Price Forecast Continues to Decline… Good News for Drivers
The forecast for international oil prices continues to decline, bringing good news for drivers. On the 9th, investment bank Morgan Stanley announced that it is lowering its Brent crude oil price forecast for the fourth quarter of this year to an average of $75 per barrel, citing abundant oil supply and increasing demand issues. Goldman Sachs also lowered its oil price forecast last month, and recently, Citigroup stated that the oil market appears to be oversupplied and, unless OPEC+ cuts production further, Brent crude could average $60 next year. Brent crude recently fell to its lowest level since late 2021. [Reuters]

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