Analisis: Reaksi Minyak Mentah terhadap Berita Gencatan Senjata 'Berlebihan'

Data Gold 10, 26 November, Monday, the ceasefire protocol may be reached. After the news came out, the crude oil was dumped and fell sharply, and there was a rebound on Tuesday. Phillip Nova, a senior market analyst, Priyanka Sachdeva, said that the market’s reaction to the ceasefire news was ‘excessive’. Although this news calmed concerns about supply disruptions in the Middle East, the conflict between Israel and Hamas this year ‘has never seriously disrupted supply and triggered a war premium’. The vulnerability of oil prices in geopolitical terms lacks support and the inability to sustain recent gains reflects a weakening global oil demand, indicating continued market turbulence in the future.