JP Morgan sees oil price growing to $150, if Hormuz closed for another month
Mădălin Mihai
According to the chief economist Bruce Kasman, a scenario in which the strait remains closed for an additional month would be consistent with constraints on industrial consumers of energy supply LONDON, March 31. /TASS/. The blocking of the Strait of Hormuz for another month could push the Brent crude oil price up to $150 per barrel, said Bruce Kasman, chief economist at JP Morgan. "A scenario in which the strait remains closed for an additional month would be consistent with oil prices rising
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