Citigroup Predicts Brent Crude to Fall to $60–65 Per Barrel by Year-End, U.S.–Iran Memo to Hold

According to Citigroup, Brent crude oil prices are expected to fall to $60–65 per barrel by year-end, as the U.S.–Iran Memorandum of Understanding is likely to remain in effect and eventually formalize into a complete agreement over the coming months. The bank reiterated its recommendation to sell during any summer price rallies.
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