ICYMI - Citigroup says oil likely to fall back under US$70 / barrel

Ed Morse, global head of commodities research at CitiGroup, speaking on Bloomberg TV.

  • China’s recovery has been slower than expected
  • In western markets, “We’re waiting to see what’s really happening with the economy, but it is a slower recovery,”
  • investors may be underestimating how much production growth may come out of Iraq and Venezuela
  • China’s recovery has been slower than expected

Bloomberg is gated, here is the link if you are able to access it.

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