Oil Price Today (September 14): Crude oil jumps 3% to near $108/barrel as Middle East tensions escalate. What are analysts warning?
Oil prices experienced a significant spike on Monday, approaching $108 per barrel, amid rising tensions in the Middle East. Recent attacks on vessels in the Gulf have left global energy markets uneasy, compounded by the closure of a vital Saudi oil pipeline. Experts foresee oil prices potentially climbing to $120 if threats persist, yet a return to $80 is plausible should exports stabilize.
Oil Price Today (September 14): Crude oil jumps 3% to near $108/barrel as Middle East tensions escalate. What are analysts warning?
What Happened
Oil prices experienced a significant spike on Monday, approaching $108 per barrel, amid rising tensions in the Middle East. Recent attacks on vessels in the Gulf have left global energy markets uneasy, compounded by the closure of a vital Saudi oil pipeline. Experts foresee oil prices potentially climbing to $120 if threats persist, yet a return to $80 is plausible should exports stabilize.
Key Details
Original reporting provided by Economic Times Markets.
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