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Citi expects crude oil to fall toward $70 a barrel in 2027, assuming a resolution to the West Asia conflict by end-2026 or early 2027. Lower prices would ease Strait of Hormuz shipping disruption and freight and insurance costs.
Citi also projects a balance-of-payments deficit of about $12 billion in the second half of FY27.
A sustained fall in crude would reduce energy and freight costs across feed supply chains and support the rupee. The forecast is a bank outlook, so the price path remains uncertain.
cnbctv18.comLatha VenkateshNov 3, 2026After 312 past bearish macro events, BRENT moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
