It seems that nearly everyone believes oil prices are only going to go higher from here, with OPEC+ refusing to change its plan and U.S. producers maintaining discipline Citi is perhaps the one group that appears to see some downside for oil prices as it predicts higher U.S. production next year Oil storage across the OECD was at the lowest level since 2015 and demand is only going to climb from here How much higher could oil prices go? This is the question that the U.S., China, India, and other big consumers have come to dread as benchmarks continue to rise amid tight supply and soaring demand. The answer right now is not one they will be happy with, either. “Net, our bullish view remains unchanged: the oil deficit remains unresolved, the current strength in oil demand remains a near-term tailwind and the increasingly structural nature of the deficits […]