Finance9h ago
Oil Price Today (September 8): Crude oil at $97 as simmering tensions raise supply worries. Experts weigh in
Oil prices soared on Tuesday due to escalating fears surrounding conflicts in the Middle East. Iran's threats of retaliation have raised alarms over potential disruptions in crude supplies. With projections indicating substantial price hikes if the Strait of Hormuz sees blockages, JPMorgan predicts increased Brent prices, while Goldman Sachs alerts to the possibility of Brent hitting $120 if shipping lanes are disrupted.
This story was originally reported by Economic Times โ Markets. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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Oil rises as risks of prolonged Mid-East conflict heighten supply worries
Oil rises as risks of prolonged Mideast conflict heighten supply worries
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