Oil Prices To Spike Only With Escalation Of Middle-East Conflict, Damage To Iran Oilfields: Report
Middle-East Conflict: Brent crude is projected to continue trading in a broad range of $75-80 per barrel and any spike in oil prices may happen only if the Middle-East conflict escalates and some damage is caused to oil fields in Iran, according to a report on Monday. Brent is currently trading at $74 per barrel…