What’s Keeping a Lid on Oil Prices During War in Middle East
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Oil rises
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The Indian rupee is likely to dip at the open on Tuesday, weighed down by rising oil prices and a decline in U.S. equity futures after U.S. President Donald Trump called for the evacuation of Tehran.
This latest iteration of the Middle East crisis is both familiar and unfamiliar. We’re all back obsessing about the oil price, yet we also know from the last few years that that same oil price has appeared somewhat impervious — oblivious?
Gas prices rose in Northwest Indiana as a result of the conflict in the Middle East, but are not expected to spike much higher unless the situation escalates more dramatically.
DRIVERS must be spared a fuel duty hike as tensions in the Middle East push up global oil prices, MPs have warned. New figures show petrol prices rose to 132.1p a litre yesterday,