homevideos Newsmarket NewsCrude may reach $110 115/bbl soon on Russia Ukraine conflict: XM Australia
Crude may reach $110-115/bbl soon on Russia-Ukraine conflict: XM Australia
Peter McGuire, CEO of XM Australia believes Russia-Ukraine conflict will probably run for a couple of weeks.
Peter McGuire, CEO of XM Australia believes Russia-Ukraine conflict will probably run for a couple of weeks.
According to him, if something unforeseen happens in Russia, that will create massive hit across the whole OPEC Plus framework and $110-115 per barrel is very possible on crude. “I think it will probably get there quite quickly,” he said.
Also Read:
He believes geopolitical concerns will push metal prices higher too from the current levels.
Also Read: Brent can hit $130/bbl: Energy Aspects
For the full interview, watch the accompanying video
Catch all stock market updates here
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
'Borrowed' leaders: Congress hits out at AAP for not fielding their own candidates in Punjab
Apr 28, 2024 9:53 PM
EC asks AAP to modify election campaign song and Kejriwal's party is miffed
Apr 28, 2024 9:25 PM