Andrew Burton/Getty Images Oil prices have recently shot up into the $80 a barrel range. But the analysis behind the bullish case for crude is faulty. Analysts at Citi think it could fall to $45 a barrel within a year. Oil could be back to US$45 a barrel within 12 months, Citigroup’s commodities chief Ed Morsesaidin an interview with the Financial Post, noting that the bullish case for crude is based on a faulty analysis. The top oil forecaster who warned about the 2014 price collapse and also...
Andrew Burton/Getty Images Oil prices have recently shot up into the $80 a barrel range. But the analysis behind the bullish case for crude is faulty. Analysts at Citi think it could fall to $45 a barrel within a year. Oil could be back to US$45 a barrel within 12 months, Citigroup’s commodities chief Ed Morsesaidin an interview with the Financial Post, noting that the bullish case for crude is based on a faulty analysis. The top oil forecaster who warned about the 2014 price collapse and also...
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