City Group predicts Brent to hit $60 by 2026

Citigroup expects oil prices to decline in the coming months, with Brent crude falling to $60 by the end of 2026, due to stabilized shipping activity, reduced tensions in the Strait of Hormuz, and alleviated logistical bottlenecks. The bank predicts that shipping operations will continue smoothly, supporting stable supplies and maintaining the flow of oil to global markets.

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