Saudi output cuts unlikely to lift oil prices to high $80s-low $90s, Citi says
Top global crude exporter Saudi Arabia’s pledge to deepen output cuts is unlikely to underpin a sustainable price increase into the high $80s-low $90s, Citi said in a note on Tuesday, even as other brokerages signalled a bigger deficit in the second half. Weaker demand and stronger non-OPEC supply…
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