Oil could exceed $120 per barrel as war drives fuel costs higher
New reports warn that crude oil, already near $100 per barrel, could rise above $120 amid the ongoing war. U.S. consumers are reportedly facing more than $100 billion in additional gasoline and oil costs.
By DoomRadar · Published on DoomRadar .
Why it matters
A sustained oil shock could raise transport, energy and consumer prices while worsening inflation and economic pressure.
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