Finance
Oil Price Forecasts Slashed for Fifth Consecutive Month Amidst Weak Demand and OPEC+ Uncertainty
2024-09-30
Overview
In a continued sign of market volatility, analysts have cut oil price forecasts for the fifth straight month, underscoring persistent worries over global demand and OPEC+'s potential rollback of production cuts. According to the latest Reuters survey, the geopolitical risk premium is failing to provide the support oil prices need, primarily due to slower-than-anticipated demand and uncertainty surrounding OPEC+ decisions.
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