{"id":277531,"date":"2019-06-06T05:28:21","date_gmt":"2019-06-06T05:28:21","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=277531"},"modified":"2019-06-06T05:28:21","modified_gmt":"2019-06-06T05:28:21","slug":"citi-bullish-on-oil-sees-brent-rising-28-to-78-within-3-months","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/citi-bullish-on-oil-sees-brent-rising-28-to-78-within-3-months\/","title":{"rendered":"Citi bullish on oil, sees Brent rising 28% to $78 within 3 months"},"content":{"rendered":"<p>Forget the trade war and global growth pessimism. Citigroup Inc. is sticking to its target of Brent oil rising to $78 a barrel in three months. <\/p>\n<p>Supply risks, rising demand over the northern summer, light fund positioning and a tight physical market are some of the reasons cited by the bank for its optimism in a note by analysts including Ed Morse, global head of commodities research. Citi\u2019s forecast implies a 28 per cent increase from current levels. <\/p>\n<p>\u201cUnderpinned by rising trade tensions, the global economic picture has clearly deteriorated since May,\u201d Morse wrote in the note released Tuesday. \u201cYet this macro pessimism masks tangible bullish oil market fundamentals.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forget the trade war and global growth pessimism. Citigroup Inc. is sticking to its target of Brent oil rising to $78 a barrel in three months. Supply risks, rising demand over the northern summer, light fund positioning and a tight physical market are some of the reasons cited by the bank for its optimism in a note by analysts including Ed Morse, global head of commodities research. Citi\u2019s forecast implies a 28 per cent increase from current levels. \u201cUnderpinned by rising trade tensions, the global economic picture has clearly deteriorated since May,\u201d Morse wrote in the note released Tuesday. \u201cYet [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-277531","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/277531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=277531"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/277531\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=277531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=277531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=277531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}