Citi Lifts Brent Outlook but Still Sees Oil Falling in 2027
Citigroup has raised its third-quarter 2026 Brent crude forecast to $80 per barrel from $75, citing the prolonged U.S.-Iran conflict and continued constraints on oil flows through the Strait of Hormuz. The bank left its fourth-quarter 2026 forecast unchanged at $70 per barrel and continues to project an average of $65 per barrel for full-year […]
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