Citigroup

Citi projects Brent crude falling to $60 by year-end

Citigroup analysts are recommending traders sell into any summer oil price rallies, projecting Brent crude will fall to $60–$65 a barrel by year-end as the geopolitical risk premium built up during the Strait of Hormuz crisis continues to unwind.

Citi cuts bitcoin target to $82K amid record ETF outflows

Citigroup has slashed its 12-month price targets for Bitcoin and Ethereum for the second time this year, lowering its Bitcoin forecast from $112,000 to $82,000 and its Ethereum estimate from $3,175 to $2,240, according to a research note published Monday.…

Citigroup warns El Niño could cost global economy trillions

Citigroup economists warned this week that a rapidly intensifying El Niño event could inflict between $3 trillion and $7 trillion in economic losses over the next five years, with the worst-case "super El Niño" scenario representing 6.4% of global GDP.