Citi's Forecast: Brent Crude Oil at $75/Barrel for 2024
Thursday, 7 March 2024, 23:05
Citi's Updated Forecast for Brent Crude Oil
Projections from Citi, as reported by Reuters, show an adjustment in price forecasts for the second quarter of 2024.
Key Points:
- Citi raises 2Q 2024 price forecast to $78/bbl
- Factors include supply disruptions and tensions in the Middle East
- Expectations for Brent to average $75/bbl for the year
Citi emphasizes remaining cautious as potential supply disruptions could lead to a decline in prices by year-end.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.