Citi Cuts Short-Term Brent Oil Forecast to $60 ...Middle East

OILPRICE - Economy
Citi Cuts Short-Term Brent Oil Forecast to $60
source : OILPRICE ( Middle East ) () 52
Citi has cut its Brent Crude forecast to $60 per barrel for the next three months on the back of last week’s tariff announcement by U.S. President Donald Trump. The investment bank also reduced its 0-3 month copper and aluminum price forecasts amid expectations of slowing economic growth, according to a note on Monday carried by Reuters. Oil prices have lost about $10 in the two and a half trading days since Wednesday’s across-the-board tariffs which were a lot higher than the market was expecting. Early on Monday, WTI Crude prices…

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