2023-10-30 13:49:47
Main economic affairs
October 30, 2023
Homeland Today: The World Bank said on Monday that it expects global oil prices to average $90 per barrel in the last quarter of 2023, and that the average will fall to $81 during the year as a whole as demand slows. However, it warned that this would lead to an escalation of the conflict. In the Middle East prices have risen significantly.
The latest report issued by the World Bank on commodity market expectations indicated that oil prices have risen by only 6% since the start of the Israeli aggression on the Gaza Strip, while the prices of agricultural commodities and most metals and other commodities “have moved only slightly.”
On Sunday, JP Morgan expected Israel’s economy to shrink by 11% in the last quarter of this year.
The US Investment Bank sharply reduced its forecasts for economic growth in Israel.
Gold prices rose with a decline in US Treasury bond yields, but the gains diminished after signs of cooling demand for safe havens emerged after the United States and Russia led international calls to stop the Israeli aggression on the Gaza Strip.
#World #Bank #warns #possibility #significant #rise #oil #prices #Watan #News