Crisis in Iran may trigger huge oil price fluctuations

The Danish company, Global Risk Management expects to see an average oil price of approximately USD 126 a barrel in the second quarter of 2012 but the crisis in Iran may trigger a period of turbulence. Shipping companies uncover much of the risk.

Average oil prices of about USD 126 per barrel; so is the assessment of Global Risk Management in the quarterly report which will be published on Monday. Oil Risk Manager, Michael Poulsen, underlines that they are talking about an average opening up for possible massive fluctuation. This might happen as a result of the political insecurity about the situation in Iran.

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