(28/04/26)

Citi’s latest market update keeps oil at the centre of the macro narrative, forecasting Brent at $110 in Q2, easing to $95 in Q3 and $80 in Q4.

The bank’s upside case still envisages a spike towards $150 a barrel, a move that would materially alter inflation expectations and inject further volatility into rates and FX markets.

For corporate finance teams, the implications extend beyond energy. Higher fuel costs raise pressure on transport, logistics and consumer-facing sectors, increasing the likelihood of refinancing, restructuring and opportunistic M&A activity.