Branch2 Intelligence
Crude oil may drop to $60 as Hormuz shock fades away: Citi
Key takeaway
Citi forecasts crude oil drop to $60 as Hormuz disruption fades.
- Step 1Citi forecasts crude oil drop to $60 as Hormuz supply shock fades.
- Step 2Lower crude prices reduce UK diesel and jet fuel costs, benefiting transport and logistics SMEs.
- Step 3Easing energy inflation reduces UK CPI, potentially slowing BoE rate hikes and lowering SME financing costs.
Source: IN:The Hindu BusinessLine
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