Citi analyst says Russia/Ukraine could push oil above $100/bbl

  • Even so the longer-term view of Citi is bearish

Citi says even if there is military activity the long-term thesis is bearish oil:

  • we don't think Russia is going to stop exporting oil and gas

The comments were made in a video interview that can be viewed here for more.

Oil has been supported by fears over the potential for a Russian invasion of Ukraine

oil chart 15 February 2022

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