Citibank: Expecting the average price of Brent crude oil in Q2 to reach $130 per barrel in a bullish scenario

SmartContractAuditor · 2026-04-02T13:51:10+00:00

Odaily Planet Daily reports that Citibank states, under the baseline scenario, the average price of Brent crude oil in Q2 2026 is expected to be $95 per barrel; under the bullish scenario, it could be $130 per barrel. Global oil supply is expected to be short by 4.4 million barrels per day; if some Gulf countries refuse to agree to Iran's so-called "transit fee," the shortage could reach 8 million barrels per day. (Jin10

SmartContractAuditor

2026-04-02 13:51:10

Odaily Planet Daily News: Citigroup said it expects the average Brent crude oil price in the second quarter of 2026 to be $95 per barrel under the base-case scenario; under the bullish scenario, it would be $130 per barrel. It expects a potential shortfall in global oil supply of 4.4 million barrels per day; if some Gulf countries refuse to agree to Iran’s so-called “transit fees,” the shortfall could be 8 million barrels per day. (Jin10)

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