These are the people WS listens to..

[aja57]

"Oil headed toward low $70s next year, says Citi"
"We hold a bearish view on oil where we forecast Brent to average $82 in 4Q, and $74 for 2024," wrote Citi's global head of commodities research Ed Morse and his team.
"The Saudi appetite to withhold oil from market, supported by Russia maintaining a certain level of export constraint, points to higher prices in the short-term, all else equal, but $90 prices look unsustainable given faster supply growth," wrote Morse and his team.

He's telling you to sell while he's buying like mad for his clients. Pfft..

https://finance.yahoo.com/news/oil-headed-toward-low-70s-next-year-says-citi-154101303.html

[dan_s]

Ed Morse at Citi has been forecasting lower oil prices for a long time.