Oil Prices Soar Amid Ongoing Middle East Conflict: Experts Predict Further Increases

Citi analysts predict Brent crude prices to rise to at least $120 per barrel in the coming months, with a 30% probability, and up to $200 per barrel if the energy supply disruption continues through June. Experts warn against counting out the oil trade, as a global supply shock could rival the 1970s crisis and lead to severe inflation. Investing in energy and agricultural commodities could be a useful hedge against a sustained global oil crisis.