[Citigroup Expects Brent Crude Oil to Rise to $120 per Barrel Soon] According to a report by Jinse Finance, on May 20, Citigroup expects Brent crude oil to rise to $120 per barrel in the near term, with a bullish scenario projecting Brent crude oil prices reaching $150 per barrel. The oil outlook for 2027 is extremely difficult to predict, but the median expectation is $80-90 per barrel.