Oil Prices Could Reach $150 per Barrel Amid Ongoing Middle East Conflict, Warns Rystad Energy Economist Claudio Galimberti
Oil prices could surge to $150 per barrel in the coming months if the ongoing conflict in the Middle East persists, according to Rystad Energy's chief economist, Claudio Galimberti. This situation is exacerbated by low inventory levels and geopolitical tensions affecting supply.