Reported about 5 hours ago
Oil markets are facing volatility due to geopolitical tensions, particularly the Iran-Israel conflict, which has spurred a price rally. Expert Tamar Essner from Vectis Energy Partners notes that the current oil market fundamentals are bearish, entering a shoulder season marked by decreased demand and refinery maintenance. She highlights that OPEC's production capacity is being kept offline to support prices while non-OPEC countries increase output. Essner's predictions depend significantly on China's demand trends and the ongoing geopolitical dynamics.
Source: YAHOO