Oil prices climbed this week as unrest in the Middle East escalated. Iran launched missiles at Israel and the Israelis threatened retaliation, raising the possibility of a disruption on the flow of oil from the region. A jump in oil prices automatically spurs fear of a spike in gasoline prices, but experts see reasons that may not happen. The long-term expectation among market watchers is for oil prices to move lower, not higher. That’s because the balance between supply and demand has tilted toward supply, a dynamic that typically weighs on oil prices.
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