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Citi’s biggest wildcards for oil markets this year — and how likely they are to actually happen

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Oil prices hit their highest levels since 2014 on Wednesday, showing that oil production cuts by major producers are working and demand remains robust.

But there are plenty of wildcards that oil markets could confront in 2018, according to a Citi global commodities report published late Tuesday.

Led by Edward Morse, global head of commodities at Citigroup, analysts looked at the possible events that could derail commodities markets in 2018.

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Written by Holly Ellyatt for CNBC.com

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