Oil prices could crash 50% if OPEC+ lets output rise and doesn't extend cuts through 2024, Citi commodities research chief says

Oil prices could crash 50% if OPEC+ lets output rise and doesn't extend cuts through 2024, Citi commodities research chief says

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None OPEC+ will have to maintain its oil production cuts in 2024, Citigroup's Max Layton told Bloomberg TV. • None Abandoning the policy could send oil prices plunging as much as 50%. • None Weak global demand in 2024 could prompt even further cuts, Fitch Ratings outlined. Oil prices could face a…

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