Peter McGuire, CEO of XM Australia believes Russia-Ukraine conflict will probably run for a couple of weeks.
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According to him, if something unforeseen happens in Russia, that will create massive hit across the whole OPEC Plus framework and $110-115 per barrel is very possible on crude. “I think it will probably get there quite quickly,” he said.
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He believes geopolitical concerns will push metal prices higher too from the current levels.
Also Read: Brent can hit $130/bbl: Energy Aspects
For the full interview, watch the accompanying video
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