$85 Crude Is Citi's Base Case as Demand Falls: Morse

$85 Crude Is Citi's Base Case as Demand Falls: Morse

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For your information, you can find below the description of the video $85 Crude Is Citi's Base Case as Demand Falls: Morse published by the Youtube channel Bloomberg Markets and Finance:

Ed Morse, global head of commodities research at Citigroup, says a recession that will slash demand for oil and petroleum products is behind his firm's bearish call for crude. "I expect that we'll be seeing further downward revisions in demand," Morse says on Bloomberg Television. "Our base case is that oil is going to go down to $85."