Oil Price Set to Surge as Middle East Tensions Explode
newscatcher
2023-10-08 17:31
Oil Price Set to Surge as Middle East Tensions Explode
First published OCT 9, 2023 Updated 46 minutes ago Andrew Patterson Andrew Patterson is Newsroom's Markets Editor and has worked for decades as a financial journalist, radio presenter and editor with Australia's ABC, Radio Live and NBR. Show more 'We are watching to see if something breaks.' The concern expressed by Fidelity International applies not just to surging bond yields but to fuel prices and inflation, as the world watches and worries. An 8 percent slide in the price of oil last week looks set to be short-lived following dramatic events over the weekend in the Middle East.

https://www.newsroom.co.nz/pro/business-investing-mon-9-october

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