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"Citibank is turning bearish on crude oil...predicting Brent crude oil prices will drop down to $60 per barrel in 2025."

Oil prices could sink below to $60 in 2025: Citibankfinance.yahoo.com Citibank is turning bearish on crude oil (CL=F, BZ=F) in its latest price forecast predicting Brent crude oil prices will drop down to $60 per barrel in 2025. Yahoo Finance's Morning Brief team review...

What does that mean for the US oil industry? “Pioneer currently has roughly 5,706 wells in the Midland Basin, with the bulk of those high quality, with breakevens ranging from $60.15/b-$71.71/b. Exxon has roughly 1,907 wells in the Midland....those have breakevens ranging from $67.84/b-$84.05/b"

The Media is Helping Spread Oil Industry Myths Againpowering-the-planet.ghost.io [J]ournalists must also be careful not to believe everything people say. Sometimes, people are mistaken. Sometimes, people lie.’