Oil could hit $60 before year-end: Barron's, citing Citi analyst
The report cites research from Citigroup senior energy analyst Eric Lee, who previously called for a bear market in oil when the price was above $100. The decline in recent weeks to a low of just over $44 for Brent crude , the international benchmark, has made Lee a short-term bull, Barron’s notes. Simultaneously, reduction in supply from OPEC of about 0.7 million barrels a day versus the 2016 average should drive the price up before the end of the fourth quarter.
Source:: https://finance.yahoo.com/news/oil-could-hit-60-end-barrons-citing-citi-182154868–finance.html
