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Citigroup forecasts Brent oil as low as $68, say to short oil after summer is over

Citigroup forecasts Brent oil as low as $68, say to short oil after summer is over
Info comes via an Oil Price article. In summary:After summer the current oil price rally will be over. A hurricane—and only a hurricane—is the one thing that could change the fatter supply outlook for the post-summer months. Citigroup’s commodity research team warned traders that global oil demand typically peaks in August—but it went a step further, casting doubt on recent forecasts of tighter global crude oil supply from agencies including the EIA, the IEA, and OPEC.according to Citigroup ana... Read More
Posted: Aug 18 2023, 00:14
Author Name: forexlive
Views: 102628

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