Citi cuts Brent forecasts as U.S.-Iran MoU points to Strait of Hormuz flow normalization

June 15 (Reuters) - Citi on Monday cut its average Brent crude forecasts to $75 and $70 per barrel for the third and fourth ...

Brent crude dips below $80; estimates for return to normal Hormuz tanker traffic vary widely

Brent crude briefly dropped below $80/bbl for the first time in more than three months on prospects of an imminent reopening ...
the deep dive

Citi Sees $65 Brent in 2027 as Hormuz Flows Normalize

Citi has sharply revised down its Brent crude price forecasts after the United States and Iran signed a memorandum of ...
Morningstar

Oil prices tumble nearly 20% in May - the biggest monthly drop since 2020. Here's what's next.

Brent and WTI remain meaningfully above prewar levels on doubts that a cease-fire alone can fully normalize flows through the Strait of Hormuz Angst on Wall Street about being caught off-guard if the ...
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Goldman Sachs predicts $100 oil through the end of 2026 if flows don't normalize soon. Here's what that means for oil stocks

Goldman Sachs sees several potential oil price scenarios playing out. Its adverse case predicts Brent oil will remain over $100 by year's end. Higher oil prices will enable oil companies to produce ...
Morningstar

Oil could end the year at $100 if flows don't normalize soon, says Goldman Sachs

The investment bank's change in outlook relies on the assumption that exports from the Persian Gulf won't normalize until the end of June. Goldman Sachs has again increased its target prices for oil ...