31 Oct, 23

Oil Prices Could Test $115 If Hamas-Israel War Escalates Into Regional Conflict

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Weakening global economic growth could keep oil prices below $90 per barrel this year and next, barring a major escalation in the Hamas-Israel war that could spill over the Middle East and threaten supply, which could send oil to above $100 and testing $115 a barrel, analysts said in the monthly Reuters poll. Brent Crude prices are expected to average $84.80 per barrel this year and $86.62 next year, a Reuters survey of 40 analysts and economists found. So far this year, Brent Crude prices have averaged $82.60 a barrel. The estimates in the October…

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