Citi Makes a Clarion Call for Commodity Bulls With 2017 View

Updated on
  • Oversupply is ‘finally being balanced,’ bank says in report
  • Bank bullish on oil, copper, zinc on 6 to 12-month horizon

Oil Markets: From Contango to Backwardation

Citigroup Inc. has given a clarion call for commodity bulls, predicting that most raw materials are expected to perform strongly next year as global economic growth picks up, the oversupply that’s dogged markets finally dissipates and investors plow in more funds.

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