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Analyst warns oil could top $100 as renewed U.S.-Iran tension builds

By ChordNews · First written (updated )

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Summary

Bob McNally of Rapidan Energy predicts that both Brent and West Texas Intermediate oil futures will jump above $100 a barrel if renewed U.S.-Iran tension pushes prices higher. The forecast points to a possible oil price spike.

This continues an earlier story: Oil prices fall over 4% on hopes of US-Iran peace talks easing Middle East supply disruptions

Timeline

  1. CNBC

    Source ↗

    CNBC reports that Bob McNally of Rapidan Energy predicts both Brent and West Texas Intermediate futures will jump above $100 as renewed U.S.-Iran tension builds.

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