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Citi raises oil price forecast for 2022 and 2023



Citi news comes via Reuters headlines: says oil prices revised higher following delayed deal with Iran, but still on a bearish trajectory. $85, and 2023 up $16 to average $75/bbl Continue to see a downward price trend after a near-term peak, on the gradual easing of supply-demand balances Maintain a lower oil demand at +2.3mb/d in 2022 due to economic headwinds and lockdowns in China high global natural gas prices expected to decline, prices expected to moderate in 2:22


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