Motilal Oswal
    NIFTY 50
Motilal Oswal

Citigroup's Edward Morse expects Brent crude to touch $75 per barrel in Q2

Updated : March 22, 2019 09:34 PM IST

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.

Brent crude 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.
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