| Even as oil bounces back, analysts say market fundamentals are very bearish, and it would not be surprising to see crude take a temporary dive into the $30s per barrel in the next several months.
"There's no reason why oil won't go down to the $30s. That's the level that will really shut in current production and have a bigger edge than current capex (cuts) will have on the oversupply," said Edward Morse, global head of commodities research at Citigroup...............................................Full Article: Source
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