Saturday, January 18, 2025
Citi lifts its Brent forecast for Q1 '25- oil and gas 360

Citi lifts its Brent forecast for Q1 ’25

(Investing) – Oil prices surged on Friday and were on track for a third straight week of gains, prompting Citigroup (NYSE:C) to revise higher its average Brent prices for the first quarter of 2025. At 08:55 ET (13:55 GMT), the Brent contract rose 3.7% to $79.75 a barrel, on track for a third straight week of gains. The crude markets have rallied on potentially larger