Why 3 Energy CEOs Say Brent Crude Oil Price Could Hit $150 in Weeks

BeInCrypto Editorial

(05:00 PM UTC)

1 min read

Brent crude (BRENT) price is trading near $94 after rebounding off the lower edge of a rising channel, defying a roughly 20% drop that traders pinned on Iran ceasefire hopes.

The bounce lands exactly as three of the world’s top oil executives warn that the physical market is days away from a supply squeeze that could send Brent toward $150.

Crude Holds Its Channel as Inventories Drain

Brent fell…

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