Citi Rebuffs Calls for $100 Oil as Goldman Lifts Outlook on OPEC Cut
- Market isn’t ‘anywhere near’ that kind of rally, Morse says
- Some analysts are again targeting $100 after surprise OPEC cut
This article is for subscribers only.
Citigroup Inc.’s Ed Morse, the global head of commodities research, said the oil market would need a lot more uncertainty over supplies before prices could reach $100 a barrel.
“There is a scenario for $100 a barrel oil. But I don’t think we’re anywhere near that yet,” Morse said in an interview on Bloomberg Television.