Citi predicts Brent crude will tumble to $60 per barrel by year-end, pointing to a bearish shift in oil markets.
Citi explicitly calls for Brent crude to hit $60 per barrel by year-end, signaling a bearish outlook driven by anticipated oversupply or softening demand. The forecast directly pressures the Brent price outlook.
Citi targets $60 per barrel by end-2026.
Citi is a major global bank with significant resources, but oil price forecasts are inherently uncertain and subject to geopolitical and economic shifts.
Citi analysts forecast Brent crude oil will slide to $60 per barrel by end-2026, pointing to a bearish supply-demand outlook. The call signals a substantial downward move from current levels, though specific drivers were not detailed in the headline. The forecast places downward pressure on oil-linked assets.
Citi forecasts Brent crude will fall to $60 per barrel by the end of 2026.
The article headline does not specify reasons, but banks typically cite supply increases, demand weakness, or economic slowdown as drivers.