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Macquarie lowers oil price outlook for 2024 on weaker demand

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Macquarie cut its oil price outlook for 2024,citing lower demand especially driven by China as the key factor along with a well supplied oil market. It lowered its price view for both Brent and WTI by $2 per barrel to $80 a barrel and $75 per barrel respectively for the rest of the year. “As ...

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