Oil prices could crash 50% if OPEC+ lets output rise and doesn't extend cuts through 2024, Citi commodities research chief says

Eliminating oil production cuts would be "so painful" for OPEC that the organization is likely to stay course, Citigroup's Max Layton said.

https://markets.businessinsider.com/news/commodities/oil-prices-opec-production-cuts-output-forecast-demand-destruction-citi-2023-12