BRIEF-Citi Sees Oil Prices at +$100/BBL If Direct Conflict Between Iran And Israel Continues

Reuters04-15

April 14 (Reuters) - CITI RESEARCH:

* SAYS "OUR BASE CASE IS FOR TENSIONS TO REMAIN EXTREMELY HIGH IN THE REGION (IRANIAN REGIME’S ATTACK ON ISRAEL) , UNDERPINNING ELEVATED OIL PRICES, WITH OUR 0–3-MONTH POINT PRICE $88/BBL AND OUR 2Q’24 AVERAGE PRICE $86/BBL"

* SAYS "OUR NEW WTI $(OIL.AU)$ 0-3 MONTH PRICE TARGET IS $83/BBL (FROM $75), AND 2Q’24 AVERAGE FORECAST IS $82/BBL (FROM $74)"

* SAYS "A POTENTIAL CONTINUATION OF A DIRECT CONFLICT BETWEEN IRAN AND ISRAEL, WHICH WE ESTIMATE COULD SEE OIL PRICES TRADE UP TO +$100/BBL DEPENDING ON THE NATURE OF THE EVENTS"

* SAYS "WE BELIEVE PROLONGED TENSIONS THROUGH 2Q’24 ARE NOW LARGELY PRICED AT $85-90/BBL (OIL PRICES)"

* SAYS ANY DE-ESCALATION IN THE TENSIONS COULD SEE OIL PRICES FALLING BACK QUITE SHARPLY TO THE HIGH $70S/LOW $80S/BBL RANGE

((Reuters.Briefs@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2427012904?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-15 12:18","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2427012904","market":"us","top_or_hot":-1,"title":"BRIEF-Citi Sees Oil Prices at +$100/BBL If Direct Conflict Between Iran And Israel Continues","media":"Reuters","content":"<html><body><p>April 14 (Reuters) - CITI RESEARCH: </p><p>   * SAYS \"OUR BASE CASE IS FOR TENSIONS TO REMAIN EXTREMELY HIGH IN THE REGION (IRANIAN REGIME’S ATTACK ON ISRAEL) , UNDERPINNING ELEVATED OIL PRICES, WITH OUR 0–3-MONTH POINT PRICE $88/BBL AND OUR 2Q’24 AVERAGE PRICE $86/BBL\"</p><p>   * SAYS \"OUR NEW WTI <a href=\"https://laohu8.com/S/OIL.AU\">$(OIL.AU)$</a> 0-3 MONTH PRICE TARGET IS $83/BBL (FROM $75), AND 2Q’24 AVERAGE FORECAST IS $82/BBL (FROM $74)\"</p><p>   * SAYS \"A POTENTIAL CONTINUATION OF A DIRECT CONFLICT BETWEEN IRAN AND ISRAEL, WHICH WE ESTIMATE COULD SEE OIL PRICES TRADE UP TO +$100/BBL DEPENDING ON THE NATURE OF THE EVENTS\"</p><p>   * SAYS \"WE BELIEVE PROLONGED TENSIONS THROUGH 2Q’24 ARE NOW LARGELY PRICED AT $85-90/BBL (OIL PRICES)\"</p><p>   * SAYS ANY DE-ESCALATION IN THE TENSIONS COULD SEE OIL PRICES FALLING BACK QUITE SHARPLY TO THE HIGH $70S/LOW $80S/BBL RANGE</p><p>((Reuters.Briefs@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BRIEF-Citi Sees Oil Prices at +$100/BBL If Direct Conflict Between Iran And Israel Continues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBRIEF-Citi Sees Oil Prices at +$100/BBL If Direct Conflict Between Iran And Israel Continues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-15 12:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>April 14 (Reuters) - CITI RESEARCH:    * SAYS \"OUR BASE CASE IS FOR TENSIONS TO REMAIN EXTREMELY HIGH IN THE REGION (IRANIAN REGIME’S ATTACK ON ISRAEL) , UNDERPINNING ELEVATED OIL PRICES, WITH OUR 0–3...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_BZ","symbol_name":"布油现金","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2427012904","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2427012904","pubTimestamp":1713154715,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"April 14  - CITI RESEARCH:    * SAYS \"OUR BASE CASE IS FOR TENSIONS TO REMAIN EXTREMELY HIGH IN THE REGION  , UNDERPINNING ELEVATED OIL PRICES, WITH OUR 0–3-MONTH POINT PRICE $88/BBL AND OUR 2Q’24 AVERAGE PRICE $86/BBL\"   * SAYS \"OUR NEW WTI  0-3 MONTH PRICE TARGET IS $83/BBL , AND 2Q’24 AVERAGE FORECAST IS $82/BBL \"   * SAYS \"A POTENTIAL CONTINUATION OF A DIRECT CONFLICT BETWEEN IRAN AND ISRAEL, WHICH WE ESTIMATE COULD SEE OIL PRICES TRADE UP TO +$100/BBL DEPENDING ON THE NATURE OF THE EVENTS\"   * SAYS \"WE BELIEVE PROLONGED TENSIONS THROUGH 2Q’24 ARE NOW LARGELY PRICED AT $85-90/BBL \"   * SAYS ANY DE-ESCALATION IN THE TENSIONS COULD SEE OIL PRICES FALLING BACK QUITE SHARPLY TO THE HIGH $70S/LOW $80S/BBL RANGE","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DUG":"二倍做空石油与天然气ETF(ProShares)","BBL":"必和必拓","BK4168":"多种金属与采矿","USO":"美国原油ETF","SCO":"二倍做空彭博原油指数ETF","DWT":"三倍做空原油ETN","OIL":"iPath Pure Beta Crude Oil ETN","UCO":"二倍做多彭博原油ETF","DDG":"ProShares做空石油与天然气ETF"},"translate_title":"简介——花旗预计，如果伊朗和以色列之间的直接冲突继续下去，油价将达到100美元/桶以上","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BBL":1,"OIL":1,"CLmain":0.9,"QMmain":0.9,"DDG":0.6,"DUG":0.6,"DWT":0.6,"BZmain":0.6,"SCO":0.6,"UCO":0.6,"USO":0.6},"content_text":"April 14 (Reuters) - CITI RESEARCH:    * SAYS \"OUR BASE CASE IS FOR TENSIONS TO REMAIN EXTREMELY HIGH IN THE REGION (IRANIAN REGIME’S ATTACK ON ISRAEL) , UNDERPINNING ELEVATED OIL PRICES, WITH OUR 0–3-MONTH POINT PRICE $88/BBL AND OUR 2Q’24 AVERAGE PRICE $86/BBL\"   * SAYS \"OUR NEW WTI $(OIL.AU)$ 0-3 MONTH PRICE TARGET IS $83/BBL (FROM $75), AND 2Q’24 AVERAGE FORECAST IS $82/BBL (FROM $74)\"   * SAYS \"A POTENTIAL CONTINUATION OF A DIRECT CONFLICT BETWEEN IRAN AND ISRAEL, WHICH WE ESTIMATE COULD SEE OIL PRICES TRADE UP TO +$100/BBL DEPENDING ON THE NATURE OF THE EVENTS\"   * SAYS \"WE BELIEVE PROLONGED TENSIONS THROUGH 2Q’24 ARE NOW LARGELY PRICED AT $85-90/BBL (OIL PRICES)\"   * SAYS ANY DE-ESCALATION IN THE TENSIONS COULD SEE OIL PRICES FALLING BACK QUITE SHARPLY TO THE HIGH $70S/LOW $80S/BBL RANGE((Reuters.Briefs@thomsonreuters.com;))","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2427012904"}