Oil Prices Near $100 Amid Middle East Supply Stability and Gulf Risks
Oil prices remain near $100 a barrel as stable Middle Eastern exports ease supply concerns. However, ongoing regional conflicts, including Houthi attacks, pose disruption risks. Officials warn that rebuilding global oil stockpiles could take years due to large withdrawals. Industry leaders predict demand recovery may only happen by 2028 or 2029, with prices potentially stabilizing around $70 depending on production.
TOI Business·


