Citi forecasts Brent Crude may drop to $60 by year-end despite US-Iran tensions. New all-time high by December 31 at 7.5% YES.

Brent crude drops below $71 amid US-Iran peace talks progress. New all-time high by September at 4.9% YES.

Citi forecasts oil prices to drop to $60 as Hormuz tensions ease. New all-time high for crude oil by September 30 at 4.1% YES.

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,…