Citi sees Brent crude sliding to $60 as supply fears ease
- Posted on July 3, 2026
- By Business News Today
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- 1 min read
Citi sees Brent crude sliding to $60 as supply fears ease
Citi expects Brent crude to fall to $60 a barrel by year-end as shipping through the Strait of Hormuz normalises and supply concerns ease. The brokerage sees improving oil flows, while Goldman Sachs and Morgan Stanley also expect a supply surplus, signalling further downside risk for global crude prices.
