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Citi’s global commodities chief explains his oil price forecast for 2023 as sanctions choke Russia – and breaks down the ‘stunning’ state of America’s oil industry

In an interview with Insider, Citi’s Ed Morse said he expects Brent crude to finish 2023 around $76 a barrel.  Next year, energy markets will see both a supply uptick and an easing of global demand, Morse said. He explained how the roles of Russia and the US have shifted …

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The chief investment officer at the world’s biggest hedge fund says we’re headed for a recession that’s ‘double the normal length’—and it has a lot to do with China

The world’s biggest hedge fund is sounding the alarm about the potential for a protracted multiyear recession. Bridgewater Associates co–chief investment officer Greg Jensen warned this week that during periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer—unless central banks slash interest …

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