Citigroup maintains Brent forecast at $70/bbl for Q4 2026 and $65/bbl for 2027, saying reopening of the Strait of Hormuz will create an oil supply surplus exceeding pre-conflict levels.

2026-09-04

Citigroup maintains Brent forecast at $70/bbl for Q4 2026 and $65/bbl for 2027, saying reopening of the Strait of Hormuz will create an oil supply surplus exceeding pre-conflict levels.