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Brent crude - World Bank still warning that oil prices could reach US$150 a barrel

The World Bank is still cautioning on oil prices, saying that even a small disruption to oil supply could take around 2 million barrels a day out the market. Snippets from the report:in a worse case scenario is a situation similar to the oil crisis of the 1970s, which would could push oil prices up to between $140 and $157 a barrel ( In October 1973, Arab oil-producing nations cut exports to the US and other countries that supported Israel in the Yom Kippur war. Oil prices soared.) "The latest... Read More

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Content Topics

Brent

Crude

World

Bank

Still

Warning

That

Prices

Could

Reach

Us 150

Barrel

Forex

Posted: Oct 30 2023, 21:13

Author Name: forexlive

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