Crude oil may drop to $60 as Hormuz shock fades away: Citi

Citi predicts Brent oil may fall to $60 as Strait of Hormuz disruptions ease and global energy markets stabilize.

Brent oil could extend declines to $60 a barrel by year-end as disruptions in the Strait of Hormuz ease, according to Citigroup Inc, adding to a chorus of beari...