Kotak institutional equities lowers crude forecast: Brent expected to average USD 85/bbl

New Delhi [India], June 22 (ANI): Citing a shift in market fundamentals and the potential for a cooling of geopolitical tensions, Kotak Institutional Equities has revised its crude oil price outlook. The brokerage has lowered its Brent crude assumption to USD 85 per barrel for the current quarter, down from its previous estimate of USD 95 per barrel.