Oil traders heads up, here’s what will trigger a plunge in Brent crude oil to the low $60s
Citibank sees Brent crude swinging between $60 and $90 depending on geopolitical and demand drivers. Analysts at Citibank said on Wednesday that Brent crude oil prices could fall into the low-$60 per barrel range if there is tangible progress toward a U.S.–Russia agreement, a development they see as easing geopolitical risk premiums in the market. … Read more