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Citi calculates a barrel of Brent at 65 dollars if there is a recession

Inventories would cover 65.

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Citi calculates a barrel of Brent at 65 dollars if there is a recession

Inventories would cover 65.1 days of consumption at the end of the year and, in 2023, 80 days. The five-year average was 59 days.

Oil has been above 100 dollars per barrel of Brent since the end of February. Not even yesterday's fall of 9% supposed to pierce that level: it is trading at 103 dollars. It is, therefore, one of the main triggers of the inflationary escalation

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