Yahoo Finance
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Oil prices are poised to drop regardless of who wins election in 2024 , says one industry watcher.
The fall in oil prices has been so rapid that Wall Street analysts have been forced to revise down their forecasts.
Weak demand out of China has been the main driver of declining crude prices.
Gasoline prices have also fallen to their lowest level since February .
"The more likely thing is that we’re going to see much more modest prices next year , and we'll see oil trade in [on] a lot quieter terms than we have for the last three years ," he added. Ines Ferre is a senior business reporter for Yahoo Finance . Follow her on X at @ines_ferre..