7 years ago
Breakup of Saudi-Russian ‘Bromance’ Would Collapse Crude Prices
The Saudi- and Russia-led supply limits that have lifted crude to a 2 1/2-year high must be prolonged for an extended period or prices will collapse, said Ed Morse, global head of commodities research at Citigroup Inc. Investors already are assuming OPEC and its allied producers will agree at the end of this month to extend the limits well beyond their March expiration, Morse said at a gathering of energy economists in Houston on Monday.
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