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Global crude oil prices may hit USD 120/barrel in short term, USD 150 if gulf war extends over a month: Kotak’s Chainwala


Source: tribuneindia.com tribuneindia.com
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New Delhi [India], March 14 (ANI): Global crude oil prices could rise to USD 120 per barrel in the short term and potentially reach USD 150 per barrel if war extends over a month and geopolitical tensions continue in West Asia, Kayanat Chainwala, Assistant Vice President, Kotak Securities, told ANI today. “Near-term crude prices are likely to move in the USD 85-120 range for WTI and USD 90-125 for Brent. If the conflict escalates and supply disruptions persist for several weeks, prices could rise even further, possibly approaching USD 150 per barrel. But in the short term, USD 120 is…

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