What rising tensions between OPEC kingpin Saudi Arabia and Iran may mean for oil prices
“Given that oil is down at the moment with the news out of Middle East, what would take oil to move materially to US$50 would be some supply outage coming out of this story, or a military conflict between Iranians and Saudis,” said Helima Croft, global head of commodity strategy at RBC Capital Markets.
“Never say never,” although that is not RBC’s base case, Croft said.
{{ commodity.name }}
{{ post.title }}
{{ post.date }}
Comments