Citi have bumped up their oil price forecast, still look for 'well supplied' oil in H2

The main points: Citi revise global oil inventories to be tighter in Q1 than expected because of combination of stronger demand & weaker supply oil balances appear to be shifting to strong builds of 1.2-mb/d in Q2, 2.2-mb/d in Q3, & over 3-mb/d in Q4 revise their

Citi have bumped up their oil price forecast, still look for 'well supplied' oil in H2
The main points: Citi revise global oil inventories to be tighter in Q1 than expected because of combination of stronger demand & weaker supply oil balances appear to be shifting to strong builds of 1.2-mb/d in Q2, 2.2-mb/d in Q3, & over 3-mb/d in Q4 revise their