Brent crude hit $99 per barrel today, a six-week high. Gasoline prices in the US hit a record of $4.15 per gallon on Labor Day. A number of banks in the US have warned that if the conflict escalates, oil prices may rise to the 120-150 US dollar range.

Brent crude hit $99 per barrel today, a six-week high. Gasoline prices in the US hit a record of $4.15 per gallon on Labor Day. A number of banks in the US have warned that if the conflict escalates, oil prices may rise to the 120-150 US dollar range.