Could Oil Reach $200 a Barrel Amid Conflict Escalation?
Macquarie Commodities Strategy Head Marcus Garvey discusses oil prices and market moves in light of current geopolitical developments as attacks between Israel and Iran continued at the weekend. Asked what would happen to prices in the worst-case scenario, Garvey says Macquarie "considered a case where, even if only very temporarily, oil prices could get for example above $200 a barrel." However, he remarked that's not a base case. (Source: Bloomberg)
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