A Houthi Retaliation Could Send Oil Prices Soaring ...Middle East

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A Houthi Retaliation Could Send Oil Prices Soaring
source : OILPRICE ( Middle East ) () 28
The World Bank said at the end of October that a ‘large disruption’ in the global supply of crude oil – which it equated to between 6 and 8 million barrels per day (bpd) – would result in a 56-75 percent increase in prices to between $140 and $157 a barrel. However, as analysed by OilPrice.com at the time, a significant escalation in the Israel-Hamas War could lead to a much greater loss of crude oil supplies than that, and consequently much higher oil prices than even the top of that World Bank range.…

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