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- Oil Prices Surge, Predicted to Hit $150 Per Barrel Following Hamas Attack
Oil Prices Surge, Predicted to Hit $150 Per Barrel Following Hamas Attack
“Last week’s oil tumble now seems like ancient history”
by Steve Watson Summit News
Oil prices have rocketed by almost 5 percent in the wake of the Hamas attack, with some analysts now predicting it could hit $150 per barrel and warning that Americans already facing inflated gas prices will again have to deal with a price surge.
Reuters reports that Oil prices jumped more than $3 a barrel in early Asian trade on Monday:
[…] Commentator Nick Sortor notes that “Joe Biden has drained the strategic petroleum reserves, which will give even more leverage to OPEC+ countries to take advantage of the Israel/Palestine conflict.”