Citi Sees Oil Prices Trending Lower to $60 to $65 Per Barrel by First Quarter of 2027

Reuters Citi said on Thursday it expects oil prices to trend lower over the next six to 12 months, to $60 to $65 per barrel by the first quarter of 2027 as flows through the Strait of Hormuz normalize following the signing of a U.S.-Iran MoU to end their conflict. Oil tankers sailed through the … Read more