Oil prices may hit $150 per barrel soon if Iran war continues, energy economist says

Oil could hit $150 per barrel within the next couple of months if the fighting in the Middle East continues, as inventories are now at very low levels, said Claudio Galimberti, chief economist at Rystad Energy. "At this point, unless we solve [the Middle East conflict], unless we start to see an increase in the flow, then we are going to see lower and lower inventories, which means higher and higher prices," Galimberti said. Brent crude was sitting around $94 a barrel on Tuesday. …