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.

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.

Russia-Ukraine tension: Industry decodes impact on India's trade

He believes geopolitical concerns will push metal prices higher too from the current levels.

Also Read: Brent can hit $130/bbl: Energy Aspects