Projections from Citi come via a Reuters report:
- Raises 2Q 2024 price forecast to $78/bbl (from $72/bbl), owing to larger-than-expected supply disruptions during 1Q 2024, ongoing tensions in Middle East
- "We remain less bullish, expecting Brent to fall into the low $70s/bbl by year end, barring any unexpected supply disruption"
- Expects Brent to average $75/bbl in 2024
