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The World Bank forecasts that oil prices could go above US$100/bl if the Middle East crisis escalates. (Image source: Adobe Stock)

A major flare-up in Middle-East conflict could stoke global inflation and drive oil prices above US$100/bbl, according to the World Bank’s latest Commodity Markets Outlook

The oil price is hovering around the US$90/bbl mark. (Image source: Adobe Stock)

Oil prices continue to hover around the US$90/bbl mark as of 8 April, as a result of the geopolitical instability in the Middle East, robust demand and OPEC+ supply restraint

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