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Citi is raising its oil price forecast as U.S.-Iran nuclear talks drag on

The bank kept its fourth-quarter and full-year 2027 Brent forecasts unchanged at $70 and $65 a barrel, respectively

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Citi bumped its Q3 Brent crude outlook up to $80 a barrel from $75 on Friday, with analysts pointing to the slow-moving U.S.-Iran negotiations as the key driver, according to Reuters. The bank expressed continued confidence that a deal will eventually be reached, but said the delay has warranted a higher near-term price assumption.

For the fourth quarter of 2026 and the full year 2027, Citi left its average Brent price targets in place at........

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