Citi Lowers Q4 Brent Oil Price Forecast from $74 to $70

Forex - Citi has revised its Brent crude oil price forecast for the last quarter of the year from $74 per barrel to $70. In its assessment, Citi noted that it does not expect the recent escalation following Israel's attack on Iran to affect oil supply in the market. Citi also stated that it anticipates lower geopolitical risks compared to previous forecasts.