The prospect of restrictions on Russian energy exports could send oil prices above $200 per barrel, according to Westbeck Capital Management. The London-based hedge fund is among a cadre of commodities-focused funds betting on an extended rally for crude after Russia’s invasion of Ukraine, even as a potential Iran nuclear deal paves the way for Tehran to return to international markets. In a letter to investors, Westbeck said a lasting impairment to Russian oil exports coupled with demand destruction will probably drive prices into the $150 to $175 range and could overshoot above $200 — nearly double its current price. It said that spike might in turn fuel rampant inflation, potentially forcing the Federal Reserve to slam the brakes on rate rises. “Oil and equity markets are not priced for such a scenario even though, in our view, the odds are high,” […]