The McKinsey Group stated that the global oil market will shift to 'severe oversupply' next year, with increased supply from non-OPEC countries and weak demand limiting the need for OPEC+ to relax production restrictions. Analysts such as Marcus Garvey believe that the current quarter's tight situation is easing, and balance forecasts indicate that crude oil supply will be severely oversupplied in the next five quarters. OPEC+ member Saudi Arabia is currently unlikely to engage in a 'price war' with non-OPEC oil-producing countries again. Nevertheless, considering the prospect of oversupply, oil prices may fall more than expected, even if Saudi Arabia does not seek a price war, and the scenario of crude oil prices falling below $50 per barrel may occur. Oil prices still have some upside potential, depending on various factors, including supply risks and the U.S. presidential election. The group expects Brent crude oil prices to be $79 per barrel this quarter, $73 per barrel in the fourth quarter of this year, $70 per barrel in the first quarter of 2025, $64 per barrel in the second quarter, $69 per barrel in the third quarter, and $72 per barrel in the fourth quarter.