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macroJul 21, 2026, 9:20 AM

OCBC Warns Oil Could Surpass $100 on Middle East Escalation

OCBC analysts Sim Moh Siong and Christopher Wong warn that rising geopolitical risks around Middle East supply routes could push oil back above $100 per barrel, supported by the dollar.

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OCBC analysts Sim Moh Siong and Christopher Wong have highlighted escalating geopolitical risks around Middle East supply routes. They warn that a deeper conflict could push oil back above USD 100 per barrel. The analysts also note dollar support as a contributing factor.

Source: FXStreet Forex News