Citigroup predicts Brent crude could drop to $60 by year-end as Hormuz disruptions fade and shipping normalizes. Major banks cite oversupply risks and weakening physical markets amid recovering trade
Citi reduced Brent crude forecasts to $75–$65 per barrel for 2026–2027, anticipating normalized Strait of Hormuz flows following a U.S.-Iran agreement. The bank also raised short-term gold and silver
Citi warns oil prices could rise further if U.S.-Iran talks stall, maintaining a near-term Brent forecast of $120 per barrel despite reduced Chinese imports. The bank expects prices to average $110 in
ChemBrief