The Financial Post reports key comments delivered by the Citigroup’s commodities chief Ed Morse in an interview on the oil-price outlook. Key Headlines (courtesy Oilprice.com): “Oil could be back to US$45 a barrel within 12 months. The bullish case for crude is based on a faulty analysis. It is illogical to forecast a decline of production in places where production will not be declining, such as the Canadian oil sands. OPEC as a case in point, given, its ability to consistently produce an average 35 million bpd over a 50-year period. In the immediate term, however, oil will continue strong. It can’t really be any other way: the supply disruption potential in Libya and Venezuela, the Iran sanctions, and the US-China trade war are all arguments for the bullish case for oil and they will remain on the scene in the next few months. Next year, however, Brent could drop back to between US$45 a US$65 a barrel.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD still in a mixed outlook near term – UOB FX Street 5 years The Financial Post reports key comments delivered by the Citigroup's commodities chief Ed Morse in an interview on the oil-price outlook. Key Headlines (courtesy Oilprice.com): "Oil could be back to US$45 a barrel within 12 months. The bullish case for crude is based on a faulty analysis. It is illogical to forecast a decline of production in places where production will not be declining, such as the Canadian oil sands. OPEC as a case in point, given, its ability to consistently produce an average 35 million bpd over a 50-year period. In the immediate term, however, oil will continue strong.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
