U.S. oil prices are predicted to fall below $60 a barrel by the middle of President-elect Donald Trump’s second term, according to a survey of bank analysts.
The law firm Haynes Boone released a survey Wednesday finding that oil prices are forecast to fall to $58.62 a barrel by 2027. The current price of West Texas Intermediate crude is $69.49 per barrel, and Brent Crude is about $73.23 per barrel.
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