From Barchart: 2024-04-16 04:50:00

Recent tensions in the Middle East have raised concerns of a potential full-scale conflict, impacting commodity markets. Structural factors highlighted by the IEA suggest long-term oil price decreases, despite recent price surges. Potential escalation could push oil prices above $100 per barrel, influencing global markets and investor behavior.

The situation in the Middle East remains unpredictable, with fears of a full-scale war looming. Geopolitical tensions could lead to oil price spikes above $100 per barrel. However, the IEA’s structural analysis hints at long-term oil price declines post-2025 due to increased non-OPEC+ production and waning global demand fueled by electric vehicles.

The Middle East crisis poses a significant risk to global oil supply, influencing investors and potentially delaying interest rate cuts by Western Central Banks. While short-term volatility may prevail, long-term strategies incorporating structural supply factors and geopolitical developments could guide investors amid market uncertainties.



Read more at Barchart: Crude Oil Bulls Still Eyeing $100+ Amid Tensions in Spite of Yesterday’s Pullback