Oil prices could rise to more than $150 a barrel if the conflict in the Middle East escalates, according to the World Bank.
A drawn-out war in the region could drive big rises in energy and food prices, just a year after prices spiked due to the Russian invasion of Ukraine.
For now oil prices remain steady at around $90 a barrel and are predicted to fall.
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Yesterday
US steps up to save the Argentine Peso
The US has purchased Argentine pesos, taking the next step in a controversial effort to calm a currency crisis hitting the South American country and its president, Trump ally Javier Milei. In the US though, it's a different story – farmers, especially soybean farmers, have lost ... Show More
8m 56s
Sep 2022
Martijn Rats: Will Oil Prices Continue to Fall?
While the global oil market has seen a decrease in demand, supply issues are still prevalent, leaving investors to question where oil prices are headed next.
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Welcome to Thoughts on the Market. I'm Martijn Rats, Morgan Stanley's Global Commodity Strategist. ... Show More
3m 47s
Jan 2023
Martijn Rats: The 2023 Global Oil Outlook
With an eventful year for the oil market behind us, what are the factors that might influence the supply, demand, and ultimately the pricing of oil and gas in 2023?
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Welcome to Thoughts on the Market. I'm Martijn Rats, Morgan Stanley's Global Commodity Strat ... Show More
4m 23s
Dec 2022
EU considers price cap on Russian oil
European Union countries are nearing a deal to cap the price of Russian crude oil at $60 per barrel,
But how much will the move, which builds upon a G7 initiative to further weaken the Kremlin's ability to wage war on Ukraine, hurt Moscow?
Also in the programme: Two weeks into a ... Show More
47m 51s