Oil and gas analysts were on Sunday unanimous in their projection that the global price of crude oil will rise further on Monday, above the $90 benchmark following Iran’s attack on Israel over the weekend.
The analysts from Saxo Bank and UBS projected that Oil prices would spike if Israel retaliates against the attack from Iran.
It would be recalled that Iran launched explosive drones and missiles at Israel late on Saturday in retaliation for a suspected Israeli attack on its consulate in Syria on April 1, a first direct attack on Israeli territory that has stoked fears of a wider regional conflict.
