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Oil prices could hit $120 as war risks escalate, analyst warns
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Oil prices could hit $120 as war risks escalate, analyst warns โWe think oil prices will continue to stay elevated.โ Oil prices are expected to remain high because of uncertainty over the war on Iran, according to analyst Muyu Xu.She warns prices could reach as high as $120 if tensions escalate and disrupt key supply routes, with countries holding limited reserves likely to feel the impact the most. Save Share