CITI: RAISING OUR BASE CASE AVERAGE BRENT CRUDE OIL PRICE FORECASTS TO $110/95/80/BBL FOR 2Q/3Q/4Q 2026

April 26 (Reuters) - Citi late on Sunday raised its forecast for the average Brent oil price for the remainder of 2026, and said it sees prices reaching $150 per barrel if flows through the Strait of Hormuz continue to remain disrupted through the end of June.

The bank raised its base case average Brent price forecasts to $110, $95 and $80 per barrel for the second, third and fourth quarter of 2026, respectively.


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