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Money Morning Global Resource Specialist Dr. Kent Moors appeared on CNBC's "Closing Bell" yesterday evening (Tuesday) to talk about what's in store for oil prices and gas prices following recent developments in the Middle East.
U.S. military leaders and Arab partners said on Tuesday that their aerial attacks in Syria and Iraq that began on Monday are only the beginning of a campaign that will last for months. The airstrikes are targeted at Islamic State jihadists attempting to set up their own country and Khorasan group militants plotting against the West.
Watch the video to see where Moors sees oil prices headed on these events – and what it means for consumers at the gas pump:
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