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 Ma.
World Bank warns of commodity price increase amid Middle East conflict menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
The Israel -Hamas war has the potential to disrupt oil supply in the Middle East, leading to a rally in oil prices that can have impact other commodities,.
Between the supply-side shocks and unrelenting demand destruction delusions, it seems like the case for higher oil prices in 2024 cannot get much stronger.