Citi: Maintain forecast for crude oil price of US$120 in the next three months

On May 9, Citigroup said it maintained its forecast for crude oil prices of US$120 in the next three months; the current basic scenario predicts that Brent crude oil prices will average US$110 in the second quarter of 2026, and then drop to US$95 in the third quarter., falling to US$80 in the fourth quarter.