
"Saudi light crude is already being sold to Asian buyers via its Red Sea port for around $125 a barrel. As extra oil in storage is used up, physical shortages will bite more deeply next week, causing prices to close in on $138 to $140. By the second week of April, with no easing of the supply disruptions and the Strait of Hormuz remaining closed, the Saudi officials said they expected prices could hit $150 before stepping up to $165 and $180 in the weeks ahead." "The market isn't acting like this is an end-of-March thing any more." wsj.com/finance/commod…



















