The Spectator Index - Energy market consultancy FGE NexantECA says that oil 'may surge to $150 or $200 a barrel if the near-closure of the Strait of Hormuz persists over the next six to eight weeks', according to Bloomberg report.

Energy market consultancy FGE NexantECA says that oil 'may surge to $150 or $200 a barrel if the near-closure of the Strait of Hormuz persists over the next six to eight weeks', according to Bloomberg report.