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Showing Tag: "well above $100" (Show all posts)

Oil prices could see 'super spike well above $100' if conflict escalates after Iran's attack on Israel

Posted by Lee Ying Shan on Monday, April 15, 2024, In : Technical Analysis 

IN THIS ARTICLE
USOIL▼‎-0.42%

A refinery from the north of the Persian Gulf in Iran. 
  • Oil prices could soar to $100 per barrel and beyond, said market watchers, after Iran mounted an aerial attack against Israel reigniting fears of a regional war.
  • Iran is home to vast oil resources, and any disruption to its capacity to supply global markets could push prices higher.
  • While Biden reiterated U.S. commitment to Israel's security, he told Netanyahu that Washington would not participate in offensive operations against Iran, a senior administration offi...

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