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Citi Sees $70 Brent in Near Term as Geopolitical Risks Mount
Market Intelligence Analysis
AI-Powered
Why This Matters
Citi 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
Market impact analysis based on bullish sentiment with 85% confidence.
Sentiment
Bullish
AI Confidence
85%
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 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…
Original article published by
OilPrice.com
on January 14, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.