Citi cuts 2021 oil price outlook on Covid-19 concerns1 min read . Updated: 09 Nov 2020, 03:40 PM IST
Citi cut its 2021 Brent and West Texas Intermediate crude price outlook by $5 to $54 and $49 respectively
Citi Research on Monday cut its 2021 oil price forecasts after a larger-than-expected rise in COVID-19 cases, but said tighter supply from OPEC and its allies would still lead to a gradual uptick in prices next year.
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