＜Research＞Citi: Oil Prices Aggressively Overshoot Intrinsic Value; But Geopolitical Risk Pressure Persists

　　A recent report from Citi Research indicated that oil prices have spiked over the past three weeks, with Brent crude oil prices even breaking above US$86 per barrel. However, the broker assumed that the current oil markets have shown a propensity to aggressively overshoot their intrinsic value, either given geopolitical fears or supply/ demand expectations. Investors are advised not to chase after high returns, said Citi.

　　Looking ahead, the broker anticipated uncertainty in demand from major oil-consuming regions, including China, and oil prices are particularly at risk in the third quarter. However, geopolitical risks remain high, and renewed tensions between Russia and Ukraine and in the Middle East, provide upside potential for oil prices.

　　AAStocks Financial News