Citi predicts Brent oil may fall to $60 as Strait of Hormuz disruptions ease and global energy markets stabilize.

Supply worries have further been eased as traffic volume in Strait of Hormuz continues to increase

Brent crude sank as low as $70.14 - its lowest since late February before war broke out in the Middle East and pushed the price as high as $126.

Citi expects Brent crude to fall to $60 a barrel by year-end as shipping through the Strait of Hormuz normalises and supply concerns ease. The brokerage sees improving oil flows,…