Oil could spike to $200 if the Iran war drags on until June: report [Seeking Alpha]
MACQUARIE GROUP LTD S/ADR (MQBKY)
NASDAQ:AMEX Investor Relations:
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Source: Seeking Alpha
Hormuz remains closed, Bloomberg reported, citing an analysis from Macquarie Group. A war lasting through the second quarter Newsletters for Every Investor Get daily, sector-specific newsletters packed with expert insights, fresh ideas, and new opportunities. Subscribe to Newsletters Sign Up Quick Insights Macquarie Group analysis estimates prices could surge to $200 a barrel if the strait remains closed into June due to disrupted oil flows. Analysts assign a 40% probability to the strait remaining closed into the next quarter (causing extreme price increases) and a 60% probability of conflict ending by month's end (preventing $200 oil). Brent crude has seen record monthly gains, topping $119.50, with current prices near $109; WTI trades up at about $95.20. Recommended For You
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