It may take more time to work out the impact , Hbr has bigger portfolio and may need to revise existing and new investment plans. Frustrating, worst performing oil&gas share since May
Trafigura warns oil prices could reach ‘parabolic state’ in threat to global growth
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Jamie Dimon, JPMorgan chief executive, warned last week that prices could reach $150 or $175 a barrel later this year. Analysts at Goldman Sachs are forecasting oil could average more than $140 a barrel in the third quarter, when the US summer driving season is at its peak.