Oil prices have advanced about 8% since the Oct. 7 attack on Israel by Hamas, and that's on concerns that the conflict will drag in other nations including Lebanon, Iran and even the US. The Middle East supplies around a third of the world’s crude. So if the current conflict further escalates, how much higher can oil prices go? Some experts warn prices could even reach US$140 per barrel in a worse case scenario. On Money in the Market, Hongbin Jeong speaks to Serene Cheong, Team Leader of Oil Trading (Asia) at Bloomberg, to find out more.

Oil prices have advanced about 8% since the Oct. 7 attack on Israel by Hamas, and that's on concerns that the conflict will drag in other nations including Lebanon, Iran and even the US. The Middle East supplies around a third of the world’s crude. So if the current conflict further escalates, how much higher can oil prices go? Some experts warn prices could even reach US$140 per barrel in a worse case scenario. On Money in the Market, Hongbin Jeong speaks to Serene Cheong, Team Leader of Oil Trading (Asia) at Bloomberg, to find out more.

Stay in the know with programs such as Viewpoint and Industry Insights in property, cryptocurrency, aviation, and shipping. 

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Stay in the know with programs such as Viewpoint and Industry Insights in property, cryptocurrency, aviation, and shipping. We delve into the latest news, current events, and market updates to provide you with valuable insights into making informed financial decisions.

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