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Energy Energy

Citi Says Oil May Slump to $60 as Hormuz Shock Fades Away

Source: bloombergMarkets July 2, 2026 · 22:26
Brent oil could extend declines to $60 a barrel by year-end as disruptions in the Strait of Hormuz ease, according to Citigroup Inc., adding to a chorus of bearish outlooks for the global crude market.
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