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Finance & Markets

Oil Prices Could Top $120 as Middle East Conflict Escalates

Crude oil prices could top $120 per barrel of Brent crude by the end of the year if fighting in the Middle East continues, RBC Capital Markets’ Helima Croft has warned, as quoted by Reuters.

  • Oil prices could exceed $120 per barrel by year-end
  • Houthi advances threaten Red Sea and Bab el-Mandeb strait
  • Interest rate hikes anticipated amid inflation concerns
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