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AAP

Business

Colin Brinsden, AAP Economics and Business Correspondent

FORGOTTEN HISTORY: Little chance of relief at the bowser - Caught on Camera

Russia Ryan Felsman Ukraine

There's still a risk oil could reach $US150 a barrel if Ukraine tensions escalate, an analyst says. (AAP)

Motorists shouldn't expect relief at the petrol bowser any time soon, even though global crude oil prices dropped further to below $US100 a barrel on hopes of progress in Russia-Ukraine peace talks.

Commonwealth Securities senior economist Ryan Felsman says th situation is fluid and forecasts Brent crude oil will hover about the $US110 mark in both the June and September quarters.

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