Apply Demo
  • Home

    >>

  • News

    >>

  • Here’s the path to oil hitting $120 per barrel, according to JPMorgan

News

We provide the latest news
from the world of economics and finance

Back
02 March
Here’s the path to oil hitting $120 per barrel, according to JPMorgan
Saudi oil refinery, Ras Tanura, along the Gulf coast was targeted in an attack on March 2, 2026, a source familiar with the incident told AFP, as Iran launched a fresh barrage at countries across the region.
Saudi oil refinery, Ras Tanura, along the Gulf coast was targeted in an attack on March 2, 2026, a source familiar with the incident told AFP, as Iran launched a fresh barrage at countries across the region. Photo: Bilal Qabalan/Agence France-Presse/Getty Images

After an initial spike, oil prices have settled into a $5 to $6 increase after reopening for the first time since the U.S. and Israel attacked Iran.

The question is how high could oil go in the case of a sustained conflict.

© 2026 Lime Trading (CY) Ltd

Lime Trading (CY) Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission in accordance with license No.281/15 issued on 25/09/2015. The "Just2Trade" trademark is owned by LimeTrading (CY) Ltd.
Registration Number: HE 341520

Address: Lime Trading (CY) Ltd
Magnum Business Center, Office 4B, Spyrou Kyprianou Avenue 78
Limassol 3076, Cyprus

Disclaimer:
All promotions, materials and information of this website may have applied conditions. Please contact the Company for further details

Risk warning:

Trading on financial markets carries risks. The value of the investments can both increase and decrease and the investors may lose all their investment capital. In case of a leveraged product, the loss may be more than the initial capital invested. Detailed information on risks associated with trading on financial markets can be found in General Terms and Conditions for the Provision of Investment Services.

Sitemap

Tel: +357 25 055 966

E-mail: 24_support@j2t.com

visa
master card
union-pay