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Citi's global head of commodity research sees oil in a $70 - $90 range (floor - ceiling)

Bloomberg (gated) reporting on an interview it had with Ed Morse, global head of commodity research at Citigroup:Oil is unlikely to fall below $70 a barrel, but it would take a “wild card” event to push prices above $90OPEC+ doesn’t want oil prices to fall below $70 and has shown that it will slash production in order to keep prices afloatUS’ commitment to refilling its Strategic Petroleum Reserve with prices around $70 a barre Oil is unlikely to rise above $90 a barrel with supply tightness fa... Read More

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Posted: Jul 18 2023, 23:23

Author Name: forexlive

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