Citigroup's Morse Says WTI Under $30 Needed to Curb Output

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  • WTI Crude Could Fall Into $20s This Year, Morse Said
  • Saudi Arabia Facing `Existential Crisis' Boosts Market Share

After tumbling to six-year lows, U.S. benchmark oil prices must fall even further before producers begin reining in production, according to Ed Morse, head of global commodity research at Citigroup Inc.

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