Citi's Morse: Oil in $70 Range a Fair Value by Year End
May 31, 2022
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2:35Now PlayingCiti's Morse: Oil in $70 Range a Fair Value by Year End
YouTube Description
as posted by the channelEd Morse, global head of commodities research at Citigroup, says the the prospects of a global recession and lack of demand growth are behind his firm's bearish year-end call for crude oil. "Everyone talks about stagflation and a possible recession. So why are we at $120 for Brent?" Morse says on Bloomberg Television. "I'd say it's more in the $70 range than it is in the $120 range."
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