Citi forecasting Brent crude oil into the US$60 range

Reuters with the info from Citi following the OPEc announcement earlier:

• “We see the OPEC+ unwind delay and ongoing geopolitics and
  financial positioning providing price support at $70-72 Brent”
• We recommend selling
  on a bounce toward $80 Brent, as we look ahead to moves down to the
  $60 range in 2025 as a sizeable market surplus emerges”

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Earlier:

• JP Morgan forecasts Brent crude oil to low $60s

• OPEC+ agrees to delay October oil output increase – report

This article was written by Eamonn Sheridan at www.forexlive.com.



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