Citi Analyst: Don’t Expect A 2015 Style Oil Price Crash This Year

Oil prices this year have been replicating a pattern from last year, which ultimately ended in a price collapse in 2016, but an analyst of Citigroup says investors should not expect a full price collapse in late 2016 or early 2017. Commodities represented the top-performing category of assets in investor portfolios during the first half of 2016-a pattern that the goods also exhibited in the first half of last year. Crude oil futures have also been stabilizing at the half point, similar to last year. Citigroup’s commodities analyst Ed…

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Citi Analyst: Don’t Expect A 2015 Style Oil Price Crash This Year

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