Brent Crude Could Sink to $60 a Barrel by Year-End Despite 'Temporary Flare-Ups' Between US and Iran, Citi Analysts Say
Analysts from Citi predict a significant drop in Brent crude prices to $60 a barrel by year-end, banking on the U.S.-Iran truce to hold. Citi analysts said that the memorandum of understanding (MOU) inked between the U.S. and Iran in mid-June will endure, despite potential “temporary flare-ups.” The analysts attribute