Will the price of oil decrease?
According to Mehr News Agency According to Reuters, analysts predicted that after the Zionist regime’s action against Iran and energy supply in the world market is not interrupted, oil prices will decrease in tomorrow’s trading (Monday, November 7).
Concerns about the retaliatory action of the Zionist regime against Iran’s facilities and the result of the US presidential election next month caused the price of futures contracts for Brent North Sea crude oil and crude oil index to fall. West Texas Intermediate (WTI) rose 4% in volatile trading last week.
Harry Chilingviryan, the head of the research group of Onyx said on the social network LinkedIn: After the final reaction of the regime is determined Zionist against Iran, the market can breathe a sigh of relief.
Tony Sycamore, the market analyst of IG Institute in Sydney also said: the lack of damage to Iran’s oil infrastructure due to the actions of the Zionist regime is the reason for the uncertainty in the market. It has been fixed.
He pointed to the possibility of the return of the US oil price to 70 dollars per barrel and said: With the reopening of the crude oil futures market, it is very likely that we will see reactions to the recent events. We will be.
Chilingvirian predicts that geopolitical risk factored into oil prices will decline rapidly, with Brent crude prices at $74 to $75 per barrel. The barrel returns.
Giovani Stanovo, a commodity analyst at UBS Financial Services, also predicted that oil prices would fall in Monday’s trading, but that the decline would be temporary. was, because the market has not taken into account the risk.
