That's the message from Citigroup, which on Tuesday became the latest oil bear to defect to the bullish camp. Edward Morse, Citi's commodities guru, believes oil prices could rise to $61 a barrel by next year because the epic supply glut may soon be over.
OPEC's Ability to Ease An Oil Supply Shock is Now Fading
Wall Street Journal
'New age' for oil prompts Citi to raise 2017 forecast to $65