- Aug 20 2015 at 3:25 AM
US oil at $US32 a barrel 'conceivable reality', says Citigroup
Oil could fall to lows last seen during the global financial crisis amid a persistent supply surplus, Citigroup said."Balances point to further oversupply throughout 2015 begging the question how low can oil go," Citigroup analysts led by Seth Kleinman said in an emailed report Wednesday. The US crude price of $US32.40 a barrel reached in 2008 "is a conceivable reality".
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