Increased speculation and bullish positions in oil futures due to geopolitical tensions

From Yahoo Finance: 2025-06-23 08:32:00

At Sunday night’s open, crude oil markets surged then lost most gains by Monday morning. Funds buying WTI oil moderately despite Middle East violence. WTI oil historically closes high this week, hinting at a possible extension of this year’s uptrend. Speculation rises about potential rise in oil prices due to geopolitical tensions. Investors accumulating bullish positions in oil futures after recent events in the Middle East. CFTC data shows noncommercial interest holding net-long futures position. Seasonal patterns suggest WTI may see a high weekly close this week before falling through August. Inverted forward curve indicates potential supply and demand imbalance. Potential impact on inflation and interest rates if oil prices continue to rise in response to geopolitical events.

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