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

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Banks Hike Oil Price Forecasts, and Some See $150 Crude
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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…

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