Mar. 18 at 3:45 PM
$SPY $SPY $USO | CITI: “.. We estimate Brent prices will rally as the conflict continues over the coming days, to
$110-120/bbl.
“.. Our bull case scenario .. is for
$130 bbl average 2Q-3Q, with prices reaching
$150/bbl Brent and up to
$200/bbl ‘all-in’ (crude oil plus consumption weighted oil product premiums) ..”