Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
Macquarie: Oil Prices May Hit USD200/ bbl if Hormuz Strait Closure Persists Until Jun
Recommend 4 Positive 5 Negative 3 |
||||
|
||||
|
If the Iran war persists until June and the Strait of Hormuz remains closed, oil prices could reach a historic high of USD200 per barrel, Macquarie said in its report. There is currently a 60% likelihood that the war may end by the end of this month, while there is a 40% chance that the conflict will continue into the second quarter, which would lead to spot oil prices reaching historic highs, the report said. The long-term impact on commodities will depend on the timing of the strait's reopening and the actual extent of damage to energy infrastructure. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
