Citigroup on Friday said it expects Brent crude to touch $75 per barrel in the second quarter.
In an interview to CNBC-TV18' Manisha Gupta, Edward Morse, global head of commodities research, said emerging markets seeing better growth opportunities.
Oil fell further from 2019 highs on Friday as focus shifted to a lack of progress in US-China trade talks, but prices found support from supply cuts led by producer club OPEC and by US sanctions on Iran and Venezuela.
futures were at $67.11 per barrel at 1204 GMT, 75 cents below their last close and broadly flat on the week. The contract hit a four-month high of $68.69 on Thursday.