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Oil Price Recovery in 2024 Seen by Wall Street Forecasters - Bloomberg

Wall Street forecasters see some scope for a recovery in oil prices next year, though perhaps not a significant rally.

Projections for global benchmark Brent in 2024 from five major banks average about $85 a barrel, compared with current levels of $77. Citigroup Inc. holds the lowest estimate, at $75 a barrel, and Goldman Sachs Group Inc. the highest, at $92.

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Oil Price Recovery in 2024 Seen by Wall Street Forecasters - Bloomberg
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