Oil Price Today (September 15): Crude oil rises to $107 as Saudi energy infra attacks raise supply fears. What are experts saying?
Crude Oil Price : On Tuesday, oil prices experienced a significant rise as assaults on Saudi energy infrastructure intensified. The key East-West pipeline in the kingdom is currently down, raising alarms over possible supply disruptions. The situation has worsened with recent attacks by Iran-backed Houthi forces, leading experts to warn of continued price increases. Goldman Sachs suggests oil could hit $120 a barrel if these tensions prolong.
Oil Price Today (September 15): Crude oil rises to $107 as Saudi energy infra attacks raise supply fears. What are experts saying?
What Happened
Crude Oil Price : On Tuesday, oil prices experienced a significant rise as assaults on Saudi energy infrastructure intensified. The key East-West pipeline in the kingdom is currently down, raising alarms over possible supply disruptions. The situation has worsened with recent attacks by Iran-backed Houthi forces, leading experts to warn of continued price increases. Goldman Sachs suggests oil could hit $120 a barrel if these tensions prolong.
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Original reporting provided by Economic Times Markets.
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