Citi analysts remain bearish on oil prices and predict a sharp fall highlighting the ongoing geopolitical tensions around the world. However, Citi analysts forecast that Brent Crude oil prices could soon come crashing leading to disruption in the commodity markets. Also Read: Currency: Indian Rupee Falls To Record Low Against US DollarOil Prices Might Plummet To $60 Per Barrel: Citi AnalystsSource: Reuters / AFPWhen the forecast was published by the Citi analysts, Brent Crude oil prices were hovering around the $82 a barrel mark. According to the price prediction from Citi analysts, Brent Crude oil could crash and hit the $60 mark per barrel. Nonetheless, while Citi analysts are bearish on Brent Crude oil prices, they are bullish toward copper.

Source: Economic Times June 13, 2024 06:52 UTC