Citigroup: Oil Price to Average $60 in 2025

Citigroup: Oil Price to Average $60 in 2025

Max Layton, Citigroup’s global head of commodities research, expects the price of oil to average $60 next year as demand growth continues to slow. “The market’s become, I would say, consensus bearish because the balances look so bad for 2025, in particular for the first half,” Layton said on Bloomberg Television.