Citi cuts its 0-3 month Brent forecast to $55 per barrel
ReutersMay 8, 2025 5:32 AM
May 8 (Reuters) - Citi Research on Thursday lowered its 0-3 month Brent price forecast to $55 per barrel, from a previous estimate of $60.
"A U.S.-Iran deal and easing sanctions could see Brent move lower toward $50; no deal and even escalatory action (for instance, to curb Iran's nuclear programme) could see prices move back to $70+," analysts at Citi said in a note.
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