Commodity prices have surged amid Russian-Ukrainian tensions. Crude oil made higher highs and lows and is trading around USD 118 per barrel.
Vikas Halan, associate managing director of the Corporate Finance Group at Moody’s Investors Services, said in an interview with CNBC-TV18 that crude prices could rise further from current levels.
He said that if the Russian-Ukrainian war drags on, oil could trade between $100 and $150 over the next two quarters. He also expects prices to remain high for the next 2-3 years.
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