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المشهد العربي
Citibank revises Brent forecast to $80
Citibank has revised its forecast for Brent crude oil prices in the third quarter of 2026 to $80 per barrel, due to ongoing negotiations between the United States and Iran and the delay in reaching a final agreement. Conversely, the bank has maintained its outlook for the fourth quarter at $70, and the average price for 2027 at $65, based on the possibility of reaching long-term solutions to regional conflicts. Following the release of U.S. jobs data, oil prices rose, with Brent crude increasing by 1.4% to reach $81.79, and West Texas Intermediate rising by 1.33% to $78.32.
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