Oil faces downward pressure in 2H18 and 2019 - Citi

In its latest forecasts report, the analysts at Citigroup Inc. offered their outlook on both crude benchmarks for the next two years.

Key Highlights:

Remains bearish 2019 with Brent seen at about $49/bbl.

Expects WTI to sustain above high $40s through 2018.

Oil faces downward pressure in 2H18 and 2019.