The threat of higher oil and petrol prices flowing from the war in Israel

Download PDF version The threat of higher oil and petrol prices flowing from the war in Israel Key points – The war in Israel has added to the upside risks to oil prices and downside risks to shares in the near term. – If Iran stays out of the conflict & a major supply disruption is avoided the impact on shares should ultimately be minimal. – If alternatively, oil prices do have a renewed surge …

What’s happening to oil prices?

What’s happening to oil prices?   Australians can expect to pay more for petrol at the bowser as oil prices move higher in the short-term. Yet the price rises won’t force the Reserve Bank to hike rates as a significant acceleration in inflation is unlikely. Do I see the oil price continuing to surge higher? Short term, yes it could go a bit higher as global demand remains strong. The cost of oil has risen …