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Citigroup forecasts Brent oil prices to drop to US$60 by end of 2026
Citigroup
Global
July 3, 2026
This article is generated by cross-referencing multiple sources and official announcements. Parts relying solely on testimony or reporting are reflected in the confidence score; content and assessment are updated as new information is confirmed.
Citigroup analysts predict Brent crude could fall to US$60 per barrel by the end of 2026. The forecast is based on normalizing shipping flows through the Strait of Hormuz and easing geopolitical tensions. Global oil markets are expected to shift back into oversupply.