‘The $100 level is ours for awhile’: Oil won’t be getting cheap anytime soon, no matter what happens in the Gulf
Summary
Global crude markets face prolonged high prices as an ongoing Middle East conflict continues to disrupt international shipping routes. The long-running unrest in the region has caused severe disruptions to the energy sector, suggesting that oil will remain expensive for an extended period.
The oil market may soon reach a point where the dust finally settles enough to see the true chaos the eight-month-old conflict in the Middle East and its shipping disruptions have wrought upon the global crude sector.
Source: Read the full story at MarketWatch.com - Top Stories
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