Citigroup hikes oil forecasts on Russia risks - Citigroup has - TopicsExpress

Citigroup hikes oil forecasts on Russia risks - Citigroup has today increased its 2014 forecasts for Brent crude to US$109 per barrel, from US$104, and lifted its estimate for 2015 to US$105 from US$95.The investment banks explains the crisis is among the bullish geopolitical factors that have countered otherwise bearish fundamentals in the oil market. According to Citi, the risks in the oil market were weighted to the downside at the start of this year - with Libya, ... ow.ly/2H051k

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