Citi's oil forecast

Ed Morse, Citigroup’s global head of commodity research, said on the show that oil supply could outpace demand. Ed Morse, Citigroup’s global head of commodity research, said investors should be bearish on oil. Morse said a number of countries have managed to increase oil production, but added that demand is unlikely to keep up. “The supply side is probably more important than the demand side right now. We can’t underestimate what’s happening on supply,” Morse, Citi’s head of commodity research, said on CNBC.