Trusted News Discovery Since 2008
{{/content}}
How high could oil prices go in worst-case war scenario?
Credit: IndiaTimes- Published on October 20, 2023
War in the Middle East has the potential to cause oil prices to surge to $140 a barrel, leading to a global recession, warns Ana Boata, head of economic research at Allianz Trade. She predicts a 20% chance of hostilities between Israel and Hamas escalating into a broader regional conflict that disrupts crude supplies. Such a...
Video credit: Oneindia
Published on October 23, 2023 - 01:38
Israel-Gaza War| Diplomacy Eases Oil Concerns: Prices Drop Amid Middle East Tensions| Oneindia News
Oil prices fell over $1 as diplomatic efforts eased Middle East tensions. Brent crude dropped to $91.49, WTI to $87.26. Concerns of supply disruption waned as Israel paused a Gaza incursion. Aid reached Gaza, but an Arab summit failed consensus. US suspended Venezuela sanctions, and global leaders engaged in talks. WATCH.
#OilPriceDrop #DiplomacyWins #MiddleEastPeace #GlobalMarkets #EnergyDiplomacy #GazaAidRelief #BidenLeadership #OPECDeal #VenezuelaOil #InternationalRelations #BrentCrudeFall #WTI #GeoPoliticalShifts #SupplyChainWatch #MarketUpdate #WorldEconomicNews #AsianMarketsUpdate #OilIndustry #LeadershipTalks #GlobalStability
~ED.155~GR.121~HT.96~
You are here
Related videos from verified sources
US-China Trade War Escalates, Potentially Driving Up EV Prices 01:31
Credit: Wibbitz Top Stories - Published on October 20, 2023
Shipping Companies Face US Sanctions for Violating Russian Oil Price Cap 01:30
Credit: Wibbitz Top Stories - Published on October 12, 2023
Strategic Petroleum Reserve Near Historic Lows Amid War in Middle East 01:30
Credit: Wibbitz Top Stories - Published on October 11, 2023
Related news from verified sources
The European Central Bank (ECB) has left interest rates unchanged for the first time in over a year amidst concerns over the Israel-Hamas war and the weakening...
on October 26, 2023 • IndiaTimes