Woofun AI reports that Citigroup forecasts Brent crude oil prices may decline to $60 per barrel by the end of the year as tensions in the Strait of Hormuz dissipate. Analyst Francesco Martoccia stated that market fundamentals are recovering rapidly, with shipping traffic normalizing and spot market weakness exceeding inventory decline expectations. The initial phase is expected to remain volatile as logistical bottlenecks resolve, though commercial operators increasingly view the risk environment as manageable.