Citigroup sees Oil falling despite OPEC efforts to prop near $80 – Bloomberg

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Ed Morse, global head of commodities research at Citigroup, flags Oil price weakness despite the previous week’s surprise supply cuts from the Organization of the Petroleum Exporting Countries and its allies (OPEC+) during an interview with Bloomberg.

WTI crude oil extends the week-start pullback to $79.80 during the early hours of Tuesday’s Asian session.

Also read: WTI Price Analysis: Testing the $80 level on broad US Dollar

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