Shift in Forecast: October’s WTI Oil Prices Expected to Fall
My outlook for West Texas Intermediate (WTI) oil prices in October has undergone a significant revision. Instead of previously anticipated levels, I now predict that WTI prices will fluctuate between $65 and $85 per barrel. A more conservative estimate puts the range at $67.50 to $77.50 per barrel. Notably, both the upper and lower bounds of the forecast have decreased by $5 per barrel, indicating a downward shift in the market’s expectations.
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