FXStreet reports that Citi's analysts expect WTI to trade at $85 with a potential to see spikes to $90.
“We revise the oil prices outlook up from 4Q’21 due to higher demand, lost supply, gas-to-oil switching and price contagion this winter, bringing inventories even lower before stock builds after 2Q’22.”
“We revise 4Q’21 price up to $85, with prices potentially at $90 at times. However, high supply could see prices ease after winter.”