Citi predicted that Brent oil prices could fall to $60 in 2025.

◻️Citi predicted that Brent oil prices would fall to $60 per barrel in 2025. The bank stated that prices would fall gradually due to the expected excess supply in global markets.

◼️However, it noted that fluctuations could be experienced in the near term due to seasonal factors and geopolitical tensions. Recently, the barrel price of Brent oil fell below $73, reaching its lowest level in the last 16 months.

◻️Citi determined its 0-3 month forecast for Brent oil as $82/barrel, while predicting that prices would fall to $60/barrel in 2025.

✒️Ekotürk