Reported 28 days ago
According to Standard Chartered Plc, the oil market may experience price spikes after the US election due to escalating risks in the Middle East, particularly tensions between Israel and Iran. Analysts believe that a series of attacks could intensify in the two months leading up to the presidential inauguration, contradicting the market's recent calm after a significant drop in crude prices. They predict Brent crude could reach $89 a barrel in early 2025 amid ongoing geopolitical instability.
Source: YAHOO