New Delhi, March 3 -- Crude oil prices may surge above the USD 100 per barrel threshold if there is any structural disruption to oil infrastructure amid the ongoing military escalations in West Asia, according to a report by ICICI Bank.

The report stated that Brent crude prices are expected to trade in the USD 75 per barrel to USD 95 per barrel range in the near term, with risks that oil prices could move towards the higher end of this range.

"The risks of a possible break above USD 100 per barrel threshold remain in place if there is a structural disruption to oil infrastructure," the report said.

The crude oil prices are currently trading at USD 78.52 per barrel at the time of filing this report.

Geo-political tensions have escalate...