Oil could surge to record $157 per barrel if Middle East turmoil spreads: World Bank

Oil could surge to record $157 per barrel if Middle East turmoil spreads: World Bank

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Oil could surge up to a record $157 per barrel if the Middle East conflict broadens and creates a large disruption in the markets, the World Bank has warned. The grim forecast is part of the institution's Commodity Markets Outlook, where it lays out three risk scenarios amid the ongoing war…

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