Jason Katz: This is a recipe for oil to make a beeline for $87 a barrel | Fox Business Video

In a recent discussion, UBS managing director Jason Katz pointed out that the ongoing conflict in Israel is likely to drive oil prices sharply upwards, potentially reaching $87 per barrel. He emphasizes that geopolitical tensions tend to create instability in oil markets, which can lead to significant price increases as investors react to fears of supply disruptions.