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    Oil Will Rise to $150 on Escalation of Conflict, Energy Analyst Says



    Amrita Sen, co-founder and director of research at Energy Aspects, says oil prices could rise to $150 a barrel if the conflict between Israel and Hamas escalates. She speaks on “The Pulse With Francine Lacqua.”
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    13 Comments

    2. Jesus Christ on

      But why? Israel and Gaza are not oil producers. The conflict even shut down the single fuel power plant in Gaza. This means the supply of oil is the same while demand have decreased. This war is not in Iraq or Saudi Arabia.

    5. praveen ram on

      People will prefer groceries than oil, when oil becomes a luxury. Even with escalation the probability for it to go past $110 is 25%. Local transport may become crowded and offices needs to approve work from home again if they don't want to force shoot up the oil prices.

    6. Donar Rivas on

      Currently Iranian crude oil in the black market is $15 USD per barrel. China daily imports 3.8 million barrels from Iran, Venezuela, and RUS at the average of $79 USD in the open market. However, the jerome powell affect vibes into the OPEC+ by tightening up the oil and gas exports in the coming cold winter. The EU has to pay the cut throat price of the US natural gas supply for this winter reserve.
      The EU has a new game to play after the severe leaking gas from RUS pipes last year, it's called hit the pipes. Sweden and norway have to step up to guard their pipes under waters.

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