Oil prices experienced a significant spike on Monday, approaching $108 per barrel, amid rising tensions in the Middle East. Recent attacks on vessels in the Gulf have left global energy markets uneasy, compounded by the closure of a vital Saudi oil pipeline. Experts foresee oil prices potentially climbing to $120 if threats persist, yet a return to $80 is plausible should exports stabilize.
Market Samachar is a news aggregator. This article was originally published by Markets-Economic Times. Tap the button above to read the full story on their site.