Oil: Q1 2020 price forecast cut by $15/ barrel – Citibank
Analysts at Citi group slash their oil price forecast for the first quarter of 2020, in its latest client note released on Monday.
“The coronavirus outbreak has drastically shifted the economic outlook for China and globally
Oil forecast cut by $15 per barrel to $54 per barrel.
Iron ore may fall to 70$ per tonne.
Forecasts lower for other metals also; they may see a rebound in H2 of this year.
Coronavirus impact may peak in Q1.”