Barclays warns of 14 million bpd oil supply loss
pre-market1 source ↓written by the desknot a recommendation
- if it extends
- $100 per barrel
- if it lasts
- $110
Barclays estimates that a prolonged blockage at the Strait of Hormuz could result in supply losses of 14 million bpd. This disruption may push Brent Crude prices to $100 per barrel if it extends into late April, and potentially $110 if it lasts through May. The uncertainty surrounding the situation adds volatility to the oil market. ⚡
Not investment advice. For informational purposes only.