Citi sees Q2'26 average forecast for Brent at USD 95/bbl in the base case and USD 130/bbl in the bull case
Citi's forecast for Brent oil prices reflects a significant upside risk, projecting an average of USD 95 per barrel in their base case, with a bullish scenario reaching USD 130.
The Trump administration is expected to apply the new 100% tariffs on patented drugs and their active ingredients, CNN reports citing a draft
Russia's Primorsk port has reportedly lost at least 40% of its oil storage due to Ukrainian drone attacks, according to satellite images; Reservoirs at Ust-Luga port have also been hit by the drone attacks
Citi sees Q2'26 average forecast for Brent at USD 95/bbl in the base case and USD 130/bbl in the bull case
Ford (F) Q1 total US sales -8.8% Y/Y at 457.3k
US clears Sable Offshore’s (SAC) platform Heritage to resume drilling, Bloomberg reports
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This suggests a tightening supply outlook or strong demand expectations, which could influence inflation dynamics and impact currencies associated with commodity exports, particularly the CAD and NOK.
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