IMF: Crude oil to soar by 30% on the supply disruption

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Source: Commodityonline
Crude oil is expected to surge by 30% in case the supply from Iran is halted, claimed Christine Lagarde. Brent crude oil may soar above 120 US Dollars per barrel after total Iranian oil embargo. Christine Lagarde also stressed that growing energy prices will create serious challenges for large oil importing countries as well as are likely to slow down global economic recovery.


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