The expansion of Israel’s ground operations in Gaza has added pressure to global markets as investors brace for a busy week filled with major central bank decisions. European stocks started the week with gains as Israel’s military action in Gaza proceeded more cautiously. The World Bank warns that even a small disruption to crude supplies due to escalating Middle Eastern conflict could remove between 500,000 and 2 million barrels a day from global markets. In a worst-case scenario, a larger disruption could drive Q4 oil prices to a range of $109-$121 per barrel, similar to the Iraq War in 2003. The World Bank also predicts that oil prices will average $90 per barrel in Q4 before declining to an average of $81 next year as growth slows. The escalating Israel-Hamas conflict raises risks of global market contagion, according to economists.
Oil could surge to record $157 per barrel if Middle East turmoil spreads: World Bank https://t.co/7eLCOwWl6R by @ines_ferre
Oil prices could rise above $150 a barrel if conflicts in the Middle East escalate, the World Bank has warned. https://t.co/aiTD0kMaki
"Crude prices could rise to more than $150 a barrel if the conflict in the Middle East escalates, the World Bank warned on Monday, risking a repeat of the 1970s oil price shock if key producers cut supplies." https://t.co/H8dnO1b1iA
Asia markets poised for mixed session ahead of Bank of Japan decision https://t.co/9SbAYcgwhs
Oil prices will soar to $150 per barrel with major disruptions in supplies from the Middle East - World Bank forecast Given large-scale disruptions in crude oil supplies from the Middle East (and we know that the United States and Europe feed from there), the global market could… https://t.co/p0GSXjJjuP https://t.co/dRZjWYDn5i
The Israel-Gaza conflict could cause the energy market to “darken quickly” if it further intensifies, the World Bank said in its latest projections https://t.co/FospEnM5jJ https://t.co/wFk7vCdbh6
BREAKING: The World Bank: "The current war in Palestine could push worldwide oil prices." Global oil prices could rise to between $93 and $102 per barrel in a "small disruption" scenario and between $109 and $121 in a "medium disruption" scenario. https://t.co/CM0DZLEJjp
⚡️The #WorldBank predicts that the escalation of military actions in the Middle East, amid #Israel's conflict with the #Hamas group, will lead to an increase in oil prices, as reported by The New York Times. According to World Bank experts, prices for "black gold" could rise by… https://t.co/FBh8JSNvXN https://t.co/sDrbXtmXHC
The World Bank is warning that even a small disruption to crude supplies due to escalating Middle Eastern conflict could remove between 500,000 and 2 million barrels a day from global markets https://t.co/w77sJ35epd
World Bank sees oil prices lower in 2024, but wider Middle East war could spike them https://t.co/ZuAtf5zXPU https://t.co/NJ00R9jt9d
The escalating Israel-Hamas conflict raises risks of global market contagion, economist says https://t.co/5s963LT8iH
Middle East War Could Cause Oil Price Shock, World Bank Warns #globalrisk https://t.co/ptq2y8Qho1
The World Bank is warning that even a small disruption to crude supplies due to escalating Middle Eastern conflict could remove between 500,000 and 2 million barrels a day from global markets https://t.co/dUb6fd2a2n
🔴 WORLD BANK: ESCALATION OF MIDDLE EAST CONFLICT COULD LIFT Q4 OIL PRICE TO $93-$102/BBL UNDER SMALL DISRUPTION SCENARIO.
🔴 WORLD BANK: LARGE DISRUPTION SCENARIO COULD EQUAL TO 1973 ARAB OIL EMBARGO AND COULD DRIVE Q4 OIL PRICE TO $140-$157 RANGE.
🔴 WORLD BANK SEE OIL PRICES TO AVERAGE $90/BBL IN Q4 BEFORE DECLINING TO AVERAGE OF $81 NEXT YEAR AS GROWTH SLOWS.
🔴 WORLD BANK: MEDIUM DISRUPTION SCENARIO COULD EQUAL TO 2003 IRAQ WAR, COULD DRIVE Q4 OIL PRICES TO $109-$121 RANGE.
European stocks kick off the week with gains as Israel’s military action in Gaza proceeded more cautiously, while investors look to the Fed for direction on interest rates https://t.co/Z0jpVCucg8
European stocks kick off the week with gains as Israel’s military action in Gaza proceeded more cautiously, while investors look to the Fed for direction on interest rates https://t.co/emAvVIqYAe
European markets set to start the week in mixed territory https://t.co/eIVFjBjkCG
The expansion of Israel’s ground operations in Gaza added more pressure to global markets as investors prepare for a busy week packed with major central bank decisions https://t.co/iWltAjogkb
The expansion of Israel’s ground operations in Gaza added more pressure to global markets as investors prepare for a busy week packed with major central bank decisions https://t.co/mFg4byYzAr