Jefferies strategist Christopher Wood has said oil could hit $150 if economies return fully to normal from the pandemic, as rising demand for fossil fuels runs into a supply squeeze.
“In a world that really reopens — which is a big ‘if’ — the oil price can go significantly higher,” Wood told CNBC on Wednesday.
“In a really fully reopened world, the oil price could go to $150 dollars, because the supply constraints are dramatic.”
