Oil prices in C. Visayas won’t stabilize soon despite truce extension – Firstgora.buzz

Oil prices in C. Visayas won’t stabilize soon despite truce extension

CEBU CITY — Oil prices in Central Visayas, and virtually in the rest of the world, won’t likely return to their pre-Iran war levels despite recent rollbacks and the extension of a fragile ceasefire in the Middle East. Structural supply disruptions and climate risks continue to weigh on global energy markets, according to regional economists.

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