Analysts at Citigroup wrote Thursday that investors should buy bullish call options in advance of a “V-shaped rebound” in crude.

That follows a warning earlier this week from Paul Ciana at Bank of America that crude was at risk of trending into the US$30s.

Asia Times Financial is now live. Linking accurate news, insightful analysis and local knowledge with the ATF China Bond 50 Index, the world's first benchmark cross sector Chinese Bond Indices. Read ATF now.