Saved by the barrel: Why crude oil has not been able to reach the $200 level & more related News Here
When the Strait of Hormuz tightened, many were ready for $200 a barrel oil. More than three months later, that nightmare scenario is still nowhere in the picture.The disruption, which removed more than 10 million barrels a day of Middle Eastern supply from the market, had threatened to push crude prices as high as $200…