Brent crude lowest since June; Citi sees $60/bbl in 2025 without deeper OPEC cuts

SlavkoSereda/iStock via Getty Images

Crude oil futures extended sharp losses from the previous session, with benchmark U.S. crude falling below $70 a barrel for the first time this year, giving up early gains after delegates’ comments that OPEC+ was thinking about delay In plans to start easing production cuts.

60bblBrentCitiCrudeCutsDeeperJunelowestOPECSees