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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

Link: http://www.bloomberg.com/news/articles/2015-02-09/citi-oil-could-plunge-to-20-and-this-might-be-the-end-of-opec-

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?

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