Persian Gulf Breakeven Oil Is $77 A Barrel, Deutsche Bank Says - Bloomberg

The average breakeven oil price for Persian Gulf countries is $77 a barrel, Deutsche Bank AG (DBK)’s regional chairman said.
“Oil this year is the new Greece, the new uncertainty on the economy,” Henry Azzam said at a conference in Doha today. Markets are pricing the “higher risk of supply disruption.”
Oil will average $115 a barrel this year, he said. “The oil market is ‘‘very very tight.’’

* username: rupertbu