Will WTI crude oil cost more than $150/barrel before June? (According to investing.com) | Manifold

Will WTI crude oil cost more than $150/barrel before June? (According to investing.com)

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Demand for crude is more elastic than this. The most likely outcome is that that the strait is opened by this tie next month, but even if the strait manages to stay blocked off, Iranian oil can pass through unharmed, and people will adjust their consumption down 20% long before prices double.

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