Where are crude oil prices headed? Investors confused as analyst targets vary from $65 to $380 a barrel!

NEW DELHI: It is not common for analysts to agree on a price target for a commodity or a stock, but this time around, the targets for crude oil vary in between the wide range of $65 a barrel and $380 a barrel.

Last week, global brokerage firm JPMorgan shocked everyone as its report estimated that global oil prices could reach a “stratospheric” $380 a barrel if US and European penalties prompt Russia to inflict retaliatory crude-output cuts.