J.P. Morgan Says Prolonged Strait of Hormuz Disruption Could Push Oil Past $150
J.P. Morgan projects near-term oil could trade between $120 and $130 per barrel, with the prospect of topping $150 if disruptions to flows through the Strait of Hormuz continue into mid-May. The bank's central scenario assumes negotiations will eventually ease the disruption, keeping prices above $100 through the second quarter before a retracement…