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April 16, 2018 10:14 AM | Commodities

Could see crude at $80 per bbl if US-Syria tension escalates, says Ayers Alliance

US President Donald Trump, on Saturday ordered a strike on Syria in response to last week's chemical weapons attack.

Jonathan Barratt, Economist & CIO at Ayers Alliance, talking about the current market scenario, said that crude may stand at $70-$70.50 per bbl on the downside, while topside could be $75 per bbl.

He added that an escalation of tension could take it further to $80 per bbl.

 

 
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