Citigroup News
Citi cuts 2013 Brent crude oil price f'cast to $99/barrel
Citigroup Global Markets lowered its 2013 Brent crude oil price forecast by 17.5 percent to $99 per barrel, saying accelerating shale oil production in the United States could reduce imports into the country. The bank lowered its 2013 Brent price forecast to $99 from $120 and 2012 price forecast to $115 from $125 per barrel. It also cut its forecasts for the U.S. benchmark West Texas Intermediate
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