BRIEF-Citi Shifts Oil Forecasts Down, Upgrades 0–3-Month Gold Price Forecast

- CITI:

  • SHIFTS OIL FORECASTS DOWN TOWARDS PRIOR BEAR CASE SCENARIO, WITH NEW QUARTERLY OIL PRICE FORECASTS OF 3Q26/4Q26 AT $75/BBL, $70/BBL RESPECTIVELY

  • CITI UPGRADES 0–3-MONTH GOLD PRICE FORECAST TO $4,500/OZ AND SILVER PRICE FORECAST TO $70/OZ