Citi expects Brent crude to decline further to an average $60 per barrel over the first quarter of the new year, Reuters has reported, citing the bank as expecting inventories in the OECD to go up further, pressuring benchmarks. This is Citi’s bearish case for oil, while its base case for the international benchmark is for an average price of $62 for full 2026. The bullish case, “with realized geopolitical supply disruptions” sees Brent crude going up to an average $75 per barrel over 2026. The full-2026 bearish scenario sees…