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Brent crude has risen again to around $115.00 per barrel
Brent crude has risen again to around $115.00 per barrel, while Asian buyers are paying about $150.00 per barrel. UBS stated that the longer the conflict lasts, the greater the risk of energy infrastructure being targeted, which could push oil prices above the highs we saw in 2022.
In a note published on Thursday, the Swiss bank said that doubling energy costs could have a clear impact on the market if it continues. UBS noted that if prices reach $200.00 per barrel, a global transportation crisis could emerge.
In a note published on Thursday, the Swiss bank said that doubling energy costs could have a clear impact on the market if it continues. UBS noted that if prices reach $200.00 per barrel, a global transportation crisis could emerge.