Oil in $20s a Risk as Citigroup Sees Crude Storage Tanks Fill Up

  • WTI may slump further if storage runs out; supply cuts needed
  • Brent may decline to $30 if ships are needed to store oil

Will Oil Recover in 2016?

U.S. oil prices may fall into the $20s if tanks used to store crude start to fill up before producers sufficiently curb output, Citigroup Inc. predicted.

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