Citi’s Morse Sees Oil Above $50 by End of 2020 as Production Slides

The video discusses the future of Brent crude prices, predicting a rise to $50 by the end of the year and $60 by the end of 2021. It examines the impact of reduced capital spending on US and Canadian oil production and the global economy's recovery. The sustainability of oil production at different price levels is analyzed, considering the economics of drilling activities worldwide. The video concludes with a projection of Brent prices reaching $60 by the end of the next year.

What factors are influencing the price of Brent crude oil in the short to medium term?

How does the global economy recovery impact Brent crude oil production?

What is the expected price of Brent crude oil by the end of the year?

What is the long-term sustainable price range for Brent crude oil according to the text?

What is the anticipated Brent crude oil price by the end of next year?