Macquarie warns oil could hit $200 amid Iran conflict
after close1 source ↓written by the desknot a recommendation
- if the Iran
- $200 a barrel
- scenario
- 40% probability
- suggests hostilities
- 60% chance
- by April's end
- $150
- of $200 oil
- 40% chance
Global oil markets face a potential crisis, with Macquarie Group projecting crude prices could reach $200 a barrel if the Iran conflict persists into mid-2023. This scenario has a 40% probability, while a 60% chance suggests hostilities may end soon. Traders are increasingly betting on Brent crude hitting $150 by April's end as supply disruptions continue. ⚡
• 40% chance of $200 oil
• 60% chance of conflict resolution soon
• Traders increasing bets on $150 oil
Not investment advice. For informational purposes only.