Oil Risks Rising to Never-Before-Seen Levels -- Market Talk
Dow Jones
Yesterday
0318 GMT - Energy markets are underestimating the disruption from the Middle East conflict, according to Commonwealth Bank of Australia analyst Vivek Dhar. CBA reckons the disruption might last months instead of weeks. Brent oil could surge toward $120-$150 a barrel or higher to force demand destruction, says Dhar. "If the conflict is not resolved, oil and refined product prices are at risk of rising to levels not seen in history," he says. "This adds a wild-card element to the outlook." Front-month Brent crude oil futures are up 9.0% at $100.28 a barrel. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
March 11, 2026 23:18 ET (03:18 GMT)
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