The Russia-Ukraine crisis has been weighing heavy on the commodities markets with crude oil prices surging. Brent crude prices have been hovering around USD 92-93 per barrel after hitting high of USD 96 per barrel.
David Lennox of Fat Prophets in an interview to CNBC-TV18 said that he expects crude prices to pull back little bit if there is political resolution of the geopolitical tensions.
However if tensions escalate, he expects crude to rally to around USD 100 per barrel.
Watch video for more.
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!
PM Modi says he’s going forward with a positive attitude as a response to personal attacks
Apr 29, 2024 10:08 PM