US bank Citi has cut its forecasts for Brent and WTI prices for this year and next year. Citi now sees Brent at an average $54/bl in 2015, down from a previous forecast of $58/bl. For 2016 it sees Brent averaging $53/bl, down from $63/bl. For WTI, Citi sees an average $48/bl in 2015, from $53/bl previously. In 2016 it expects an average of $48/bl, from $56/ bl forecast previously.
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