Emmanuel Addeh in Abuja
Oil prices are likely to remain capped below $80 per barrel despite the escalating Israel-Iran conflict, Rystad Energy, an independent research and energy intelligence company, said yesterday, as Iran and Israel continue to trade strikes with the escalation now in its fifth day.
“Based on our earlier disruption simulations, we see oil prices capped below $80 per barrel,” Rystad Energy’s Global Head of Commodities Markets (Oil), MukeshSahdev, said in a market update, carried by Africa Oil+Gas Report and reported by oilprice.com.
