World Bank sees oil prices lower in 2024, but wider Middle East war could spike them

World Bank sees oil prices lower in 2024, but wider Middle East war could spike them

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The World Bank said on Monday it expected global oil prices to average $90 a barrel in the fourth quarter and fall to an average of $81 in 2023 as slowing growth eases demand, but warned that an escalation of the latest Middle East conflict could spike prices significantly higher. The World Bank’s…

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