"Fundamentals are rapidly reasserting themselves... we continue to recommend selling any summer rallies and forecast Brent reaching $60 to $65 a barrel by the turn of the year"

Citi sees Brent crude falling to $60 by year-end, saying U.S.-Iran 'conflict fatigue' will keep the truce intact.

Citigroup forecasts Brent crude falling to $60-$65 a barrel by year-end as Hormuz shipping normalizes and a U.S.-Iran deal nears.

Analysts recommend using any potential summer rally in prices as an opportunity to sell

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.

"Fundamentals are rapidly reasserting themselves... we continue to recommend selling any summer rallies and forecast Brent reaching $60 to $65 a barrel by the turn of the year"