Brent crude prices could hit USD 150/bbl under bull case scenario; Near-term expected to reach USD 120/bbl: Citi

Iran Herald · May 22, 2026 Sanctions

New Delhi [India], May 22 (ANI): Global oil markets are severely under-pricing supply duration and tail risks, with Brent crude prices poised to surge to USD 120 per barrel in the near term and potentially touch USD 150 per barrel under a bull case scenario, according to a research report by Citi.

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