Commerzbank Sees Brent Oil Staying Over $80 Until End of Year

Thu Lan Nguyen, head of commodities research at Commerzbank, discusses the outlook for oil prices amid the prospects for continued de-escalation between the US and Iran. “We’re looking at a continued relatively tight supply, even if there were a solution to the conflict and the opening up of the Strait of Hormuz in the next couple of days,” Nguyen tells Bloomberg Television. (Source: Bloomberg)