"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.