BRENT HAS RISEN AROUND 90% THIS YEAR AMID WAR-RELATED SUPPLY DISRUPTIONS, WITH FURTHER US-IRAN ESCALATION AND REGIONAL C | Hanami
BRENT HAS RISEN AROUND 90% THIS YEAR AMID WAR-RELATED SUPPLY DISRUPTIONS, WITH FURTHER US-IRAN ESCALATION AND REGIONAL CLASHES THREATENING INVENTORIES; CBA ANALYST VIVEK DHAR SAID BRENT MAY NEED TO REACH $150 A BARREL TO TRIGGER SIGNIFICANT DEMAND DESTRUCTION IN EMERGING ASIAN ECONOMIES.
Reply to @FirstSquawk: OIL PRICES EASED AFTER RALLYING MORE THAN 6% LAST WEEK TO A SIX-MONTH HIGH, WITH BRENT FALLING 0.7% TO $115.87 A BARREL AND WTI SLIPPING 0.9% TO $102.33, AS TECHNICAL OVERBOUGHT CONDITIONS AND MIDDLE EAST GEOPOLITICAL RISKS KEPT MARKETS VOLATILE.