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citi
Crude Oil May Drop to $60 as Hormuz Shock Fades, Citi Forecasts
Citi analysts predict Brent crude could fall to $60 per barrel by year-end as the Hormuz Strait disruption fades and fundamentals reassert. The bank notes shipping flows normalizing, weak Chinese demand, and lower-than-expected inventory draws. Other banks like Goldman Sachs and Morgan Stanley also see oversupply risks.
Citi CEO Jane Fraser Highlights India's Long-Term Growth Potential
Citi CEO Jane Fraser underscores India's long-term growth potential, urging focus beyond short-term challenges. She highlights investor interest in sectors like technology and infrastructure.
Citi Urges India to Clarify AI Role for Global Investment
Citi's Vis Raghavan emphasizes the need for India to clearly define its role in the AI-driven global economy to attract foreign direct investment. Despite strong domestic participation, foreign interest is hindered by energy dependency and unclear AI positioning.