Citibank raises the 2026 remaining time Brent crude oil price forecast

BlockBeats News, on April 27, Citibank, in its local time on Sunday evening, raised its forecast for the average Brent crude oil price for the remainder of 2026, and said that if oil transportation through the Strait of Hormuz remains disrupted through the end of June, oil prices could rise to $150 per barrel. The bank raised its forecast for the benchmark scenario average Brent crude oil price for Q2, Q3, and Q4 of 2026 to $110, $95, and $80 per barrel, respectively. (Jin10 )

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