Description: The recent surge in oil prices is just a “head-fake,” and oil as cheap as $20 a barrel may soon be on the way, Citigroup said in a report on Monday as it lowered its forecast for crude.
Source: Bloomberg.com – video report
Date: Feb 09, 2015
Questions for Discussions:
- Summarize the arguments for oil going to $20?
- Do you agree with the analysis?
- Do you think this is the beginning of the end of OPEC?