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via cnbc.comEconomy

Oil prices could spike above $100 as U.S. action on Iran nears, says Rapidan Energy

FROM THE WIRE · CNBC.COM

Bob McNally predicts that both Brent and West Texas Intermediate futures will jump above $100.

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishA possible oil price spike would affect inflation expectations and energy markets.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Bob McNally of Rapidan Energy predicts Brent and WTI will jump above $100.
  2. 02U.S. action on Iran is said to be nearing.
  3. 03The forecast covers both main crude oil benchmarks.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Brent Crude Oil (continuous future)COMMODITY:BRENTCommodity99.85 USD+0.19%today +1.59%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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