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Nairaland Forum / Nairaland / General / Politics / Oil Price To Hit $150 If Israel-hamas War Escalates – World Bank (265 Views)
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Oil Price To Hit $150 If Israel-hamas War Escalates – World Bank by Mateco556: 7:53am On Nov 01, 2023 |
The ongoing conflict between Israel and Hamas in the Gaza Strip could have significant consequences for global oil prices, according to a warning from the World Bank. In its latest Commodity Markets Outlook report, the World Bank cautioned that if the conflict were to escalate beyond the Gaza Strip, similar to the Arab oil embargo in 1973, oil prices could surge to as high as $157 per barrel. Comparing this scenario to the 1973 Arab oil embargo, the World Bank stated that in a............ https://ratecaptain.com/oil-price-to-hit-150-if-israel-hamas-war-escalates-world-bank/ 1 Like |
Re: Oil Price To Hit $150 If Israel-hamas War Escalates – World Bank by Roger3D(m): 7:55am On Nov 01, 2023 |
If only we were not importing fuel it could have been to our advantage 1 Like |
Re: Oil Price To Hit $150 If Israel-hamas War Escalates – World Bank by adebayo987: 8:14am On Nov 01, 2023 |
Wait what? Were these guys creating wars to enrich the rich? Ormo, people are going to die, population control is at its peak |
Re: Oil Price To Hit $150 If Israel-hamas War Escalates – World Bank by Jorussia(m): 8:26am On Nov 01, 2023 |
That's a conservative estimate. If it involves Iran and Iraq,it should be around 250 per barrel. |
Re: Oil Price To Hit $150 If Israel-hamas War Escalates – World Bank by CodeTemplar: 8:49am On Nov 01, 2023 |
Hmmm..... God, winch levelzzz? |
Re: Oil Price To Hit $150 If Israel-hamas War Escalates – World Bank by Ikaeniyan0: 8:58am On Nov 01, 2023 |
They should wait till our refineries start working 1 Like |
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