Citi Forecasts Oil Prices to Fall Toward $60-$65 a Barrel Before the First Quarter of 2027

Citi said its base-case scenario expects capital flows to continue normalizing under a memorandum of understanding between Iran and the United States, and it forecasts oil prices will trend lower over the next 6 to 12 months. According to Jin10, Citi said oil prices are expected to reach $60 to $65 per barrel before the first quarter of 2027.