Citi lifts Q3 2026 Brent forecast to $86/bbl from $80
Citi raised its mark-to-market Brent average forecast for third quarter of 2026 to $86 a barrel from $80 previously. The bank cited the reopening of the Strait of Hormuz taking longer than assumed.
Citi on Thursday said it raised its mark-to-market Brent average forecast for the third quarter of 2026 to $86 a barrel from $80 a barrel previously, as the reopening of the Strait of Hormuz has taken longer than its prior assumption.Citi said it is maintaining its fourth quarter 2026 and 2027 Bren…