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.

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Citi: Supply Turnaround of Oil Market in 2018

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