There Is A Possibility Of A Significant Reduction In The Prices Of Petroleum Products

 Canada Global(Web News) According to experts, there is a possibility of a significant reduction in the prices of petroleum products in early 2024 due to low demand and high production of oil.

Energy experts said crude oil prices fell in November and December due to lower demand due to a weak global economy and rising crude oil inventories in the US. Analysts watching the market said that while crude oil Supply currently exceeds demand For the first half of 2024 we expect Brent to range from $60 to $65 per barrel to $85 to $90 per barrel. Experts believe that only geopolitical tension in the Middle East can increase oil prices, otherwise there is a possibility of a significant decrease in oil prices.

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