Reported 1 day ago
Analysts from major banks believe that Israel's recent attack on Iran is unlikely to lead to significant oil supply disruptions, although possible worst-case scenarios may push prices above $100 per barrel. Following the strikes, oil prices have risen nearly 9%, but forecasts indicate that supply growth outside U.S. shale will stabilize prices, maintaining them around $70 for now. OPEC officials also state that current market conditions do not warrant immediate changes to supply.
Source: YAHOO