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Citibank: Maintains its forecast of $120 per barrel for crude oil prices over the next three months
Golden Finance reports that on May 9th, Citibank stated they maintain their forecast of $120 per barrel for crude oil prices over the next three months; the current baseline scenario expects Brent crude oil prices to average $110 in the second quarter of 2026, then decline to $95 in the third quarter, and to $80 in the fourth quarter.