Analysts at Citi continue to see an oil price recovery and have increased their average forecasts for Brent and WTI
For Q3 2020:
- US$39/bbl and $37/bbl respectively
For Q4 2020:
- US$48/bbl and US$45/bbl respectively
Brent and WTI average forecasts for 2020 are at US$42/bbl and US$38/bbl respectively.
