Citi Sees Oil Prices Falling to $60 if Trump Secures Iran and Russia Deals
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مدعوم بالذكاء الاصطناعيCiti analysts predict oil prices to fall to $60-62/bbl Brent if President Trump secures deals with Iran and Russia, citing potential decline in geopolitics-driven support for oil prices.
Market impact analysis based on bearish sentiment with 80% confidence.
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According to Citi analysts, geopolitics will continue to provide support for oil prices in the immediate term, but they may later come under pressure if President Trump’s attempts to clinch a peace deal with Russia and a nuclear deal with Iran succeed. “It is our base case that both Iran and Russia-Ukraine deals happen by or during the summer of this year, contributing to a decline in prices to $60-62/bbl Brent and lowering diesel and gasoline cracks by $5-10 dollars,” the analysts said, as quoted by Reuters. Until that…
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