Citi Sees $70 Brent in Near Term as Geopolitical Risks Mount
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مدعوم بالذكاء الاصطناعيCiti analysts predict Brent Crude prices to reach $70 per barrel in the near term due to escalating geopolitical risks, with current prices already showing a 1% increase to $66 per barrel.
Market impact analysis based on bullish sentiment with 85% confidence.
سياق المقال
Brent Crude prices have the potential to hit $70 per barrel over the next three months amid heightened geopolitical risks, according to analysts at Citi. The investment bank raised its 0-3 month outlook on Brent Crude prices to $70 per barrel from $65 a barrel previously, due to upside pressure from geopolitical risks. Early on Wednesday, Brent Crude traded 1% higher at above $66 per barrel as the market has started to price in a potential U.S. strike on Iran and the potential of supply disruptions in the region. “We…
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