WTI: Goldman Sachs, Citibank inflate oil price forecasts on Russia-Ukraine crisis By anilpanchal7 Oil Banks RussianFederation Ukraine Commodities
That said, Goldman Sachs mentioned in its latest, “We expect price of consumed commodities that Russia is key producer of to rally from here.”
On the same line were the latest projections for oil from Citibank as it expects tighter global oil inventories in Q1 amid stronger demand and weaker supply. “Expect a very well-supplied oil market to emerge by 2h’22, if not 2q’22. this should blunt prices even with ongoing geopolitical risks,” adds Citibank.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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