Saudi Arabia has increased the amount of crude it is pushing into an already oversupplied world market at a time when a surge in ETF investing could exaggerate any drop in oil prices, according to Citigroup analysts.
In a new report, the Citigroup energy analysts say inflows into crude-linked exchange traded funds have created "significant froth" in the oil market and could exacerbate a downside correction in the second quarter, given the market's bearish fundamentals...............................................Full Article: Source
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