Oil Price Forecast: Crude Pullback May Be the Calm Before the Next Surge

Oil prices are expected to remain volatile as easing diplomatic tensions reduce the war-risk premium, while the closed Strait of Hormuz and tight inventories continue to underpin a bullish backdrop. The setup points to continued supply-risk support for crude even as geopolitical fears moderate.

Analysis

Oil prices are expected to remain volatile as easing diplomatic tensions reduce the war-risk premium, while the closed Strait of Hormuz and tight inventories continue to underpin a bullish backdrop. The setup points to continued supply-risk support for crude even as geopolitical fears moderate.