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Citi: Oil Could Sink to $60 as Hormuz Traffic Normalizes
Market Intelligence Analysis
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Why This Matters
Financial market analysis indicating neutral sentiment based on current trends.
Sentiment
Neutral
AI Confidence
50%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Brent Crude prices could plunge to as low as $60 per barrel by the end of the year, says Citigroup, which expects flows through the Strait of Hormuz to soon normalize and the U.S. and Iran to reach a deal in the coming months. “We continue to recommend selling any summer rallies and forecast Brent reaching $60 to $65 a barrel by the turn of the year,” Citi analysts said in a note carried by Bloomberg. “We expect the MOU to hold and turn into a deal over the coming months as incentives to de-escalate outweigh the alternative for…
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Summary
Financial market analysis indicating neutral sentiment based on current trends.
Time Horizon
Short Term
Original article published by
OilPrice.com
on July 3, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.