Brent crude at $60: That's a Citi view you may love
Synopsis Geopolitical tensions easing around the Strait of Hormuz are expected to drive Brent crude prices down to $60 a barrel by year-end, according to
Synopsis Geopolitical tensions easing around the Strait of Hormuz are expected to drive Brent crude prices down to $60 a barrel by year-end, according to Citi.
Global energy markets are normalizing, with shipping resuming and Gulf producers increasing output. Despite this, Chinese buyers remain absent, and inventories are lower than anticipated,
suggesting a potentially uneven recovery. Other banks share this outlook, anticipating a return to market surplus.
The BriefWire