Citi’s Morse Says Global Oil Demand Is ‘Sloshing Downward’
Ed Morse, global head of commodities research at Citigroup, says the return of demand from China won’t push the price of crude oil above $100. “Demand is sloshing downward around the world,” Morse says on Bloomberg Surveillance. “I think there’s ample supply in the market for us to not have a big impact in China coming back.”
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