Brent oil prices may fall to low-$60s/bbl if there is progress toward US-Russia deal, Citi says
ReutersAug 13, 2025 9:35 PM
Aug 13 (Reuters) - Analysts at Citibank said on Wednesday that Brent oil prices could land in the low $60 per barrel area, if there is progress towards a U.S.-Russia deal.
"Additional downside would have to involve a further slowdown in China's crude oil imports and in refinery buying to make more diesel," Citi said in a note.
The bank also added that on the upside, prices could rise toward its bull case of around $80/bbl or even above $90/bbl.
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