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Podcast: The Afternoon Update with Lynlee Foo
Episode: Money in the Market: Can a Middle East war push oil prices to 140 dollars per barrel?
Description: Oil prices have advanced about 8% since the Oct. 7 attack on Israel by Hamas, and that's on concerns that the conflict will drag in other nations including Lebanon, Iran and even the US. The Middle East supplies around a third of the world’s crude. So if the current conflict further escalates, how much higher can oil prices go? Some experts warn prices could even reach US$140 per barrel in a worse case scenario. On Money in the Market, Hongbin Jeong speaks to Serene Cheong, Team Leader of Oil Trading (Asia) at Bloomberg, to find out more.See omnys...