Crude Oil At $107: Analyst Sees Brent At $115 As Saudi-Houthi Tensions Escalate

Crude oil prices could climb further as escalating tensions between Saudi Arabia and Yemen’s Houthi rebels raise fears of a wider regional conflict, Seth R. Freeman, Senior Managing Director at GlassRatner Advisory & Capital Group, told NDTV Profit. Freeman said Brent crude could reach $115 per barrel, while a rise to $120-$125 would mark a significant jump from current levels. He also discussed the impact of elevated fuel prices in the US, concerns over artificial intelligence stock valuations as earnings season begins, and the potential implications of the upcoming US midterm elections for President Donald Trump’s policy agenda.