Oil Prices to Hit $200 per Barrel if Disruption Continues
ByAinvest
Tuesday, Mar 24, 2026 1:23 pm ET1min read
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Crude oil prices have rebounded after a sell-off, with Brent futures up 4% to $103 per barrel and West Texas Intermediate futures trading around $92. Citi analysts predict prices will reach at least $120 per barrel due to the Strait of Hormuz's de facto closure, and potentially $200 per barrel if disruptions continue through June. The analysts suggest hedging oil-price risk with energy and agricultural commodities.
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