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<Research>Citi Lists Forecasts for Int'l Oil Prices for 2Q-4Q25 (Table)
Recommend
20
Positive
37
Negative
13
(1) Brent crude oil price - base case forecast (per barrel)
2Q25│3Q25│4Q25│Entire 2025
USD67│USD66│USD63│USD68

(2) Brent crude oil price - bear case forecast (per barrel)
2Q25│3Q25│4Q25│Entire 2025
USD57│USD50│USD45│USD57

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(3) Brent crude oil price - bull case forecast (per barrel)
2Q25│3Q25│4Q25│Entire 2025
USD90│USD80│USD75│USD80
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(4) US WTI (West Texas) crude oil - base case forecast (per barrel)
2Q25│3Q25│4Q25│Entire 2025
USD63│USD63│USD60│USD65
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