James Iuorio, JI Financial Strategies CEO, predicts crude oil will drop to $45 per barrel by next year, citing increased production.
James Iuorio, JI Financial Strategies CEO, predicts a significant drop in crude oil prices to $45 per barrel by next year, attributing it to increased production from UAE and OPEC. SlateStone Wealth partner Kenny Polcari largely agrees with the downward trend, expecting prices in the low $60s. They discuss how a glut of oil and competition for market share could impact the market.
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