Experts expect that the region will continue in suspense for the war between Iran and Israel and expect volatility for the coming weeks.
Analysts raised the forecasts of the oil price before the climbing tensions in Middle Eastalthough the increase in supply by the OPEC+ and moderate demand perspectives continue to weigh on crude oil.
In the last hours, Reuters announced a survey to 40 economists where they estimate that the Brent crude It would reach an average of US $ 67.86 per barrel in 2025, more than the projection of US $ 6.98 last May. In turn, the West Texas Intermediate (WTI) It would be placed at US $ 64.51, on the previous estimate US $ S63.35.
Throughout the current year, the price of the Brent was around an average of US $ 70.80, while those of the WTI operated in an average of US $ 67.50, according to LSE data. The decision of USA to intervene in the War between Iran and Israel He had caused strong oscillations in the prices of the crude oil of the North Sea, which after rubbing the US $ 81.40 in the peak of hostilities, collapsed au $ 67.14 after the truce between the parties.
Raw Brent oil
Photo: Reuters
In that sense, the chief analyst of the DBS Bank, Suvro Sarkar, remarked: “We foresee that the region will remain in suspense at the moment, which will cause some volatility in oil prices in the next few days and weeks.”
The stock of the OPEC+ members put a roof to the oil rise
On the other hand, economic analysts consider that these increases derived from the conflict are temporary and hope that, if the current Gulf productionthe current inventories of the members of the OPEC+ put a roof to the prospects of increased raw.
In May, the OPEC+ agreed to an increase to 411,000 barrels per day (BPD) for the month of July, expanding the total increases made from April to a total of 1.37 million BPD.
“We hope that prices return to their fundamental levels if the conflict between Iran and Israel does not aggravate,” Cyrus de la blonde, chief economist of the Commercial Hamburg Bank, told Reuters.
Source: Ambito
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