Citi Sees $70 Brent in Near Term as Geopolitical Risks Mount
花旗花旗(US:C) Yahoo Finance·2026-01-15 00:30

Brent Crude prices have the potential to hit 70perbarreloverthenextthreemonthsamidheightenedgeopoliticalrisks,accordingtoanalystsatCiti.Theinvestmentbankraisedits03monthoutlookonBrentCrudepricesto70 per barrel over the next three months amid heightened geopolitical risks, according to analysts at Citi. The investment bank raised its 0-3 month outlook on Brent Crude prices to 70 per barrel from 65abarrelpreviously,duetoupsidepressurefromgeopoliticalrisks.EarlyonWednesday,BrentCrudetraded165 a barrel previously, due to upside pressure from geopolitical risks. Early on Wednesday, Brent Crude traded 1% higher at above 66 per barrel as the market has started to price in a potential U.S. strike on Iran and the potential of supply disruptions in t ...