Citi Increases 3-Month Brent Oil Price Prediction to $70 per Barrel
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2026
0mins
Source: aastocks
Oil Price Surge Prediction: Citi reports that Brent oil prices, currently around US$60-61/bbl, may experience a short-term surge due to risks associated with Russia/Ukraine and Iran, potentially exceeding the forecast range of US$55-65/bbl.
Revised Price Target: Citi has increased its 0 to 3-month target price for Brent crude from approximately US$65/bbl to US$70/bbl, driven by heightened supply disruption risks and geopolitical tensions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
