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Home / Metal News / Citi: Supply Turnaround of Oil Market in 2018

Citi: Supply Turnaround of Oil Market in 2018

Dec 4, 2017 14:31

Source:SMM

Citi maintains bearish opinion on oil price in 2019.

SHANGHAI, Dec.4 (SMM)－Citi maintains bearish opinion on oil price in 2019. In 2019 the Brent crude oil price will be $49 per barrel because OPEC, USA, Canada, Brazil and Russia are bound to increase supply a lot (probably over 2 million barrels everyday), which may exceed demand increase.

The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.

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