Reported about 9 hours ago
Citi Research has increased its oil price predictions, suggesting a bull case scenario could see prices soar to $120 per barrel in the upcoming quarters due to escalating conflicts in the Middle East. Despite this, they maintain a baseline forecast of $74 per barrel for the fourth quarter of 2024, citing weaker market fundamentals. Currently, Brent crude is trading around $77 per barrel.
Source: YAHOO