The reason for these expectations is the geopolitical risks largely unrelated to the Middle East, as well as the uncertainty of President Trump's policy.
Oil prices have risen heavily as OPEC countries have taken a policy extension to curb their production by the end of this year. Subsequently, the price was further supported by the riots in Iran.
Last week, however, oil has suffered heavy losses as a result of massive sell-offs on world stock markets, which has led many investors to close their long oil positions to reduce risk or lock their profits.
And yet, as the most systematic risk to the raw material remains President Trump, according to analysts of the State Bank.
If the US imposes sanctions again on Iran, the third largest oil producer in OPEC, the price of oil could rise by $ 5 only as a result of this action, the Bank's analysts said.
No comments:
Post a Comment