See crude at $80 a bbl in second half of this year: Geoff Lewis

The amendments in the India-Mauritius tax treaty aren't retrospective and they certainly address many tax issues, said Geoff Lewis, senior strategist for Asia, Manulife Asset Management.Calling this move a 'progress', Lewis told CNBC-TV18 that the step will bring in the needed regulations for many offshore financial centers. He further said that the supply situation in the second half of the year may drive up crude prices to USD 80 per barrel. Meanwhile, Daniel Hynes, Senior Commodity Strategist, ANZ Research said the crude prices are likely to remain volatile, mostly in the range of USD 40-50 per barrel.Watch video for more..