Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Citigroup’s Morse Says Rising Oil Price May Reduce Demand

Feb. 27 (Bloomberg) -- Crude oil is reaching a “tipping point” where prices will threaten demand, Edward Morse, head of commodities research at Citigroup Global Markets Inc., told Erik Schatzker on Bloomberg Television’s “InsideTrack.”

“If the price gets much higher, we will see it as a tax on the consumer globally and demand will almost certainly come down,” Morse said.

Brent oil can’t sustain a level above $125 a barrel, according to Morse.

Link to Company News:{C US <Equity> CN <GO>}

To contact the reporter on this story: Paul Burkhardt in New York at pburkhardt@bloomberg.net

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.