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Oil Market to Get “Extremely Tight” in H2: Citadel

OIL

“[The] Second half of the year we are on track to have an extremely tight global oil market,” Citadel’s head of commodities Sebastian Barrack said at the FT Commodities Global Summit.

  • He added that if OPEC does not bring back supply to the market, prices will have to rise to a level that constrains demand.
  • “OPEC has definitely regained control of the oil market”, he said.

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