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An escalation of the current Palestine-Israel conflict in a widespread disruption scenario could push global oil prices to as high as $157 per barrel, the World Bank warned on Monday.
The global oil market is currently balanced, but the situation is constantly changing, Russian Deputy Prime Minister Alexander Novak said on Wednesday.
Oil prices drop as Russia downplays further production cuts. OPEC+ meeting uncertainty. Brent crude, West Texas Intermediate, short-sellers, debt ceiling.