The agency believes the current crisis situation should not lead to fundamental changes in the oil market that would radically shift the balance of supply and demand

Oil traders expect crude prices to remain elevated as demand destruction, logistics shifts and a lasting geopolitical risk premium offset supply disruption.

The agency believes the current crisis situation should not lead to fundamental changes in the oil market that would radically shift the balance of supply and demand

Citi forecasts Brent crude could spike to $150/bbl, with near-term prices hitting $120/bbl amid geopolitical tensions and supply risks.

US crude could jump back above $100 mark if there is no real progress to end war, analysts say

Global oil inventories are falling rapidly, leaving prices exposed to further gains if the Strait of Hormuz disruption continues.