BMI Predicts Brent Crude Will Remain Above $100 for Months
Crude oil prices will remain quite high in the coming months, with Brent staying above $100 per barrel, as the U.S. and Iran remain distant on a potential agreement, Cedric Chehab, chief economist at BMI, told CNBC on Monday. A deal “could take several months yet,” Chehab told CNBC’s program Squawk
Crude oil prices will remain quite high in the coming months, with Brent staying above $100 per barrel, as the U.S. and Iran remain distant on a potential agreement, Cedric Chehab, chief economist at BMI, told CNBC on Monday. A deal “could take several months yet,” Chehab told CNBC’s program Squawk Box Asia today, as Brent Crude prices traded at about $104 a barrel in Asian trade. BMI forecasts that a potential U.S.-Iran deal would happen by the end of the first quarter of 2027 “because it will take some more time for that…
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