The Traderszone Network

Published in TZ Latest News 17 April, 2016 by The TZ Newswire Staff

Citi raises 2016 oil price forecasts

Citi forecasting $43/barrel for Brent (prior was $40)
– And to $43/barrel for WTI (previous was $39)
– Says that the present prices are too low to sustain supply at levels needed to compensate for declines from mature assets