Coronavirus impact may drive oil to $47 as OPEC+ mulls 0.5mbpd cuts

With the impact of the coronavirus taking a toll on oil demand—and the economy in general, Citigroup has slashed its oil price forecasts for three of the quarters this year and doesn’t rule out Brent Crude sliding to as low as $47 a barrel.

The post Coronavirus impact may drive oil to $47 as OPEC+ mulls 0.5mbpd cuts appeared first on The Guardian Nigeria News – Nigeria and World News.

Source: Guardian

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