Oil’s Plunge Signals No Need for Extra OPEC+ Supplies, Citi Says
This article is for subscribers only.
Oil’s collapse to the lowest level in more than two years is the market’s indication that there’s no need for extra OPEC+ supplies, Citigroup Inc. said.
Global benchmark Brent crude on Tuesday fell below $70 a barrel for the first time since December 2021, though prices recovered back above that level Wednesday.