News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
<Research>Citi Reiterates Brent Oil 4Q25 Forecast at USD63; Oil's Bearish Fundamentals to Regain Focus Next Qtr
Brent oil futures surged to around USD80 per barrel after the US attacked Iran's Fordow nuclear facility, according to Citi's research report.Iran then retaliated against a...
Reset
Send
The window will close in 5 seconds
<Research>Citi Reiterates Brent Oil 4Q25 Forecast at USD63; Oil's Bearish Fundamentals to Regain Focus Next Qtr
Close
Recommend
14
Positive
18
Negative
11
 
SHORT SELL
 
STOCK INFO

Brent oil futures surged to around USD80 per barrel after the US attacked Iran's Fordow nuclear facility, according to Citi's research report.

Iran then retaliated against a US base in Qatar, but tensions soon eased as the White House announced a ceasefire between Iran and Israel and that China could resume purchasing Iranian oil, sending Brent oil futures back down to around USD67 per barrel.

Related NewsCiti: Potential Supply Disruption in Middle East, Reduced Gas Feedstock Supply May Affect Chemical Output
In Citi's opinion, the market appears to be pricing in a sharp decline in geopolitical risks even though the road ahead may still be bumpy. The bearish fundamentals for oil prices, especially from 3Q onward, will once again be in the market spotlight, even if OPEC+ decides on the extent of production recovery in August during the meeting early next month.

Citi reiterated its outlook for Brent oil futures at USD66 per barrel in 3Q and USD63 per barrel in 4Q.

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.