Triple-digit oil prices may become new normal – Analyst

Global energy markets are bracing for a prolonged period of high costs as extreme supply tightness and geopolitical brinkmanship threaten to cement triple-digit oil prices as the “new normal.” Following the collapse of critical diplomatic talks and a looming U.S. blockade of the Strait of Hormuz, Brent crude has surged to roughly $104 a barrel. Read More: https://punchng.com/triple-digit-oil-prices-may-become-new-normal-analyst/

By Punch Newspapers