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Oil may drop by more than $30 a barrel from current levels
10 february 2015

Oil may drop by more than $30 a barrel from current levels, says Citi

Citi sees potential for $20 oil price bottom, slashes 2015 estimates

rude-oil futures have been mounting a come back, lately.

But not everyone believes this rally is a legitimate rebound for the beaten-down commodity. .

In a note Monday, analysts at Citigroup raised the possibility that West Texas Intermediate oil prices may fall to as low as the $20 range. Prices on the New York Mercantile Exchange already suffered a loss of 46% last year.

Myra Saefong

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Oil may drop by more than $30 a barrel from current levels

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