koolgal
12-10

🌟🌟🌟OPEC members have decided to postpone plans to increase production due to a lukewarm outlook for global demand of oil.  OPEC is now restricting its combined production to 39.725 million barrels per day until December 31 2026.

With Donald Trump as President of the US in January 2025, he plans to unleash the output of oil in the US and that may lead to further drops in oil prices. 

However there is still conflict in the Middle East and Ukraine.  So if there is any additional increase in geopolitical conflicts, oil prices could still rise. 

@Tiger_comments  @TigerStars  



Iran-Israel Tensions: Will Oil Rebound or Hit New Low?
The sharp drop in oil prices has also led major Wall Street banks to lower their target prices. Goldman Sachs predicted an average oil price of $76 per barrel in 2025. The bank’s analysts noted that geopolitical risk premiums are limited, with no significant impact currently on Iran's supply facilities. Citigroup also adjusted its Brent crude oil price forecast for Q4, lowering it from the previous $74 per barrel to $70 per barrel. ----------------- Will oil hit new low? Or time to rebound?
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Comments

  • icycrystal
    12-10
    icycrystal
    thanks for sharing
    • koolgal
      Thanks for your support and encouragement 🥰🥰🥰
    • koolgal
      May you have a winning week ahead 🌈🌈🌈💰💰💰
    • koolgal
      My pleasure 😍😍😍
  • 不死鸟.
    12-10
    不死鸟.
    谢谢分享
    • koolgal
      I am so happy that the Chinese stocks are doing well. 🥰🥰🥰
    • koolgal
      All the best 🍀🍀🍀
    • koolgal
      May you have a wonderful week ahead 🌈🌈🌈💰💰💰
    • koolgal
      Thanks for your support and encouragement 🙏🙏🙏
    • koolgal
      My pleasure 😍😍😍
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