Citi: Oil Could Sink to $60 as Hormuz Traffic Normalizes

The brief

Brent Crude prices could plunge to as low as $60 per barrel by the end of the year, says Citigroup, which expects flows through the Strait of Hormuz to soon normalize and the U.S. and Iran to reach a deal in the coming months. “We continue to recomme... [2135 chars]