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A long confrontation in the Middle East is now “Most likely,” the scenario of “most likely” after the increase in the United States, Monday morning.
“The risks of the disruption of the disruption of the crude oil have risen sharply after the Israeli-Iran conflict,” said Daniel Hynes and Soni Kumari, the Australian Lender’s commodity strategists, wrote in a note.
“The most likely scenario (50% of the probability estimate) is an expanded conflict. These deliveries will see that they will be dangered directly,” he said.
“However, the oil market is better equipped to respond more than in the past,” the OPEC had more than 6 mn barrels from a barrel that could be activated soon.
For this scenario, a barrel of “for this scenario” was waiting for the price of a price range from $ 75 to $ 85.