The ongoing Middle East crisis is contributing to significant volatility in global oil markets, leading to expectations of sustained high prices due to disruptions in global supplies.
While forecasts vary regarding the duration of this surge, an average price of $64 per barrel is projected for 2027, contingent on the length of the conflict and the extent of supply interruptions. In contrast, United Airlines CEO Scott Kirby has communicated internally that the company is preparing for potential oil prices reaching as high as $175 per barrel, anticipating they could remain above $100 through the end of 2027.
Source: https://timesofindia.indiatimes.com/business/international-business/oil-prices-cross-100-what-lies-ahead-as-the-middle-east-crisis-intensifies/articleshow/129728070.cms
