Citigroup Says To Short Oil After Summer Is Over ...Middle East

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Citigroup Says To Short Oil After Summer Is Over
source : OILPRICE ( Middle East ) () 27
Citigroup is advising traders to short oil and oil products after the summer is over, after which the current oil price rally will be over. A hurricane—and only a hurricane—is the one thing that could change the fatter supply outlook for the post-summer months. Citigroup’s commodity research team warned traders that global oil demand typically peaks in August—but it went a step further, casting doubt on recent forecasts of tighter global crude oil supply from agencies including the Energy Information Administration (EIA),…

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