Veteran Wall Street and energy analysts predict oil prices could rise to $150 a barrel because of the Gaza conflict—potentially leading to a combination of higher inflation and recession (aka stagflation.)
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Of course it’s going to affect it. These oil tycoons love wars in the Middle East, that way they can stick it to us all at the pump and everywhere else they can put their dirty fingers in.
It was rising before Hamas terrorist attack and Israel’s genocide. OPEC+ members Saudi Arabia and Russia decided to cut their production voluntarily to increase the price and say fuck you to US.