Recent source limits, minimal US strategic reserves and much better-than-expected non-farm payroll figures Friday advise oil prices could breach a hundred bucks a barrel as well as modern escalation in tensions insert further impetus to that narrative, which may bring about an extra in the vicinity of-term spike outside of that degree.”
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“The conflict has the opportunity to hurt broad marketplace sentiment, but it really’s not for specified. We think quite a bit will depend on if the conflict is contained or widens in scope – for instance on Israel’s northern border – and that would prompt increased worries about commodities – oil especially.
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