Banks Hike Oil Price Forecasts, and Some See $150 Crude ...Middle East

OILPRICE - Economy
Banks Hike Oil Price Forecasts, and Some See $150 Crude
Investment banks are scrambling to revise up their oil price forecasts as the Middle East war cripples supply from the most important oil-producing region, with some expecting oil to surge to $150 per barrel or even higher if the Strait of Hormuz remains off limits for tanker traffic for several weeks.  Analysts at Macquarie warned of this potential price spike, while all other major investment banks hiked their first-quarter and second-quarter forecasts.   Goldman Sachs, for example, expects Brent Crude prices to average over $100…

Hence then, the article about banks hike oil price forecasts and some see 150 crude was published today ( ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Banks Hike Oil Price Forecasts, and Some See $150 Crude )

Apple Storegoogle play

Last updated :

Also on site :