Middle East conflict disrupts global energy supply outlook
after close1 source ↓written by the desknot a recommendation
- of global oil
- 15-20%
- per barrel
- $115
- and WTI
- $100
The ongoing conflict in the Middle East has disrupted 15-20% of global oil and gas supplies, pushing Brent crude prices to $115 per barrel and WTI to $100. S&P Global now anticipates lower global growth and higher inflation as economic indicators show stress across major economies. Financial conditions are tightening due to rising energy costs and weaker equity markets.
Not investment advice. For informational purposes only.