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Citi: Supply Turnaround of Oil Market in 2018
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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