‘The $100 level is ours for awhile’: Oil won’t be getting cheap anytime soon, no matter what happens in the Gulf

MarketWatch Thursday 29 October 2026, 19:12 UTC By Myra P. Saefong 1 min read

Key Points

The oil market may soon reach a point where the dust finally settles enough to see the true chaos the eight-month-old conflict in the Middle East and its shipping disruptions have wrought upon the global crude sector.

Gulf (LOCATION) the Middle East (LOCATION)

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‘The $100 level is ours for awhile’: Oil won’t be getting cheap anytime soon, no matter what happens in the Gulf

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