Citi Predicts Brent Crude Could Hit $120 Per Barrel Short-Term, Warns of Potential $150 Per Barrel

GateNews
According to Citi, Brent crude oil is predicted to reach $120 per barrel in the near term, as the market has underestimated long-term supply disruptions and broader tail risks, the bank said on May 20. Under a bullish scenario with gradual reopening of the Strait of Hormuz in the third quarter, Brent crude could rise to $150 per barrel.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments