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Citibank: Expecting the average price of Brent crude oil in a bullish scenario in Q2 to reach $130 per barrel
ME News Report, April 2 (UTC+8), Citibank stated that under the baseline scenario, the average price of Brent crude oil in the second quarter of 2026 will be $95 per barrel; under the bullish scenario, it will be $130 per barrel. Global oil supply is expected to be short by 4.4 million barrels per day; if some Gulf countries refuse to agree to Iran’s so-called “transit fee,” the shortage could reach 8 million barrels per day. (Jin10) (Source: ODAILY)