Israel's Gaza Offensive May Trigger $5 Spike in US Oil: Pro
The latest bout of turmoil to grip the Middle East - Israel's offensive against Palestinian militants in the Gaza Strip - could trigger a spike in U.S. crude prices past $90 a barrel if the conflict escalates, said an expert, but the move higher will be short-lived since well-stocked global inventories should cushion the blow from any supply disruption.
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