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The Possibility of $20 Oil Doesn't Sound So Crazy Anymore

  • WTI briefly dips below $30 for first time since 2003
  • Oil markets can't maintain low price for long: Citigroup
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Oil Bounces Back From Below $30 a Barrel

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The world mostly ignored Ed Morse 11 months ago when the head of commodities research at Citigroup said oil could drop as low as $20.

It’s paying attention now that crude has tipped below $30.