Citi Bank Sees $60 Oil In 2021

Oil prices are set to rise to $60 a barrel by the end of next year as the oversupply will have been drawn down by then, according to Citigroup, which is bullish on oil. Growing economies will lead to global oil demand returning to the pre-coronavirus levels in late 2021, Citi's global head of commodities research Ed Morse told Bloomberg in an interview.   According to Citigroup, Brent Crude prices – which slumped below $40 a barrel last week amid growing concerns about demand – are set to average around $55 per barrel next year…