Citi Raises Brent Forecast to $80, Expects Slump in 2027

Citigroup has raised its forecast for Brent crude in the third quarter to $80 per barrel from $75, as the prolonged US-Iran conflict continues to disrupt oil supplies and efforts

The Briefing Africa

August 10, 2026 · 23:00 · 5 min read

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Citigroup has raised its forecast for Brent crude in the third quarter to $80 per barrel from $75, as the prolonged US-Iran conflict continues to disrupt oil supplies and efforts

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Citi Raises Brent Forecast to $80, Expects Slump in 2027