World Bank Warning: Rising Oil Prices Due To Regional Risks

The World Bank has warned that the price of oil could see increases in the future, presenting three risk scenarios in a recent report titled “Commodity Markets Outlook.” While the international financial institution expects the global oil price to decrease to an average of $81 per barrel in 2024, it emphasized that an escalation of the conflict in the Middle East could lead to significant oil price hikes. The report outlines three possible ...

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