Citigroup’s latest call for Brent crude to tumble toward $50 on a Russia-Ukraine de-escalation feels more like an echo chamber than a fresh forecast. Senior commodities strategist Eric Lee told Bloomberg Friday that easing geopolitical tensions could “precipitate a faster move” toward the bank’s bear-case scenario — never mind that Brent is already down roughly 18% this year to near $61, thanks to what some call a slow-building supply glut. But Citi’s tone has swung wildly over the past ten months. Back in January,…
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