RE:speculative fictionI agree that citi has some secret agenda. Oil cannot go as low as 20$ a barell. Oil Cies rather spill the oil. Even Saudi Arabia rather build extra storage than selling it at 20$. Nobody will ever go below 30... just for making sure there is no shortage after the fact. Oil below 30 will make sure it shoots back to 250$ a year later.
I do beleive that production is not cutting fast enough and we could see it drop back to 44 and lower until the end of the year. But any 2millions/bb day drop by any producing group would make price go back to 100.