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Oil’s ‘last hurrah’ is coming, Citi says in bearish outlook for global crude prices

Data analyzing in commodities energy market: the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.

SlavkoSereda/iStock via Getty Images

Oil futures finished higher Wednesday despite an unexpected 3.7M-barrel build in U.S. crude stocks and the International Energy Agency’s forecast of a “staggering” oil glut by the end of the decade.

The IEA sees oil demand growth peaking by 2029


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