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Citigroup Says Brent Could Fall to $60 as Hormuz Crisis Eases

2026-07-06 02:39:19

Abstract generation in progress

Citigroup said Brent crude could fall to $60 per barrel by the end of the year as Strait of Hormuz disruptions ease. Citigroup analyst Francesco Martoccia said fundamentals are recovering rapidly. Analysts said shipping routes, insurance markets, and logistical bottlenecks may keep the initial phase volatile.

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