The oil price rebound that has buoyed many embattled crude producers may not last. Ed Morse, managing director and global head of commodities research at Wall Street bank Citigroup Inc. and one of the world’s top oil forecasters, believes Brent oil prices – which are currently trading near US$72.50 per barrel and have tried to breach the US$80 per barrel barrier in each of the last three months – will fall back into a band between US$45 to US$65 per barrel in just over a year. “We think oil is headed back to that range by the end of 2019,” Morse said in an interview with the Financial Post in Calgary, though he is still bullish on Brent oil prices for the remainder of 2018 and the first quarter of next year. The commodities expert was among the first forecasters to correctly predict the oil price crash of 2014 […]