Oil May Hit New Highs If Hormuz Doesn't Reopen: Commerzbank
Thu Lan Nguyen, FX and commodity research head at Commerzbank, discusses the outlook for energy prices in light of ongoing tension in the Middle East. "If we go into the...
By Bloomberg Markets · Bloomberg Markets
Thu Lan Nguyen, FX and commodity research head at Commerzbank, discusses the outlook for energy prices in light of ongoing tension in the Middle East. "If we go into the summer with closed Strait of Hormuz, I would expect oil prices, crude oil prices, to rise towards the highs that we've seen lately or even beyond that," she tells Bloomberg Television. (Source: Bloomberg)