Soc Gen Analyst: Crude May Rise 80%
A Societe Generale analysts says that if the Strait of Hormuz is closed, crude could move up 80 %o between $150 and $200. He puts that chance for that low, but claims an complete trade embargo with Iran could drive…
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A Societe Generale analysts says that if the Strait of Hormuz is closed, crude could move up 80 %o between $150 and $200. He puts that chance for that low, but claims an complete trade embargo with Iran could drive oil up to $125
In comments about the analyst call CNBC reports
The more likely scenario is an embargo imposed by the European Union, accompanied by U.S. pressure on other countries to do the same, which could still send Brent prices to the $125 to $150 range.
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