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Commodities

Oil Prices May Soar to $100-$102 Amid Ongoing Middle East Uncertainty

Guavy AI Editorial Team
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Oil
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Peter McGuire, CEO of Trading.com, believes that Brent crude oil prices could spike to $100-$102 per barrel in the short term due to ongoing uncertainty around West Asia.

Despite recent gains, the market has remained range-bound over the past 24-36 hours, and McGuire expects another move higher as there is no clear resolution in sight.

He notes that 'the uncertainty as far as there's no talk at all as far as getting this sorted out' is supporting prices.

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