Escalation of Israel-Hamas conflict could trigger regional instability, potentially affecting oil production and transportation in the Middle East. OPEC+, led by Saudi Arabia and Russia, might re-evaluate its production cuts amid unfolding global events, significantly impacting crude oil supply and prices. Short-term crude oil market likely to remain volatile. Historical pattern: crude oil prices spike during Middle East tensions. Unfolding Geopolitics and Economy: Five Scenarios Poised to Shape Next Week’s Crude Oil Price Trajectory Given the evolving geopolitical and economic situations, here are five scenarios ... (full story)