Gold Ten Data reported on November 26th that crude oil fell sharply after being dumped following news of a possible ceasefire protocol in Lebanon on Monday, and rebounded slightly on Tuesday. Priyanka Sachdeva, senior market analyst at Phillip Nova, said the market’s reaction to the ceasefire news was “excessive.” Although this news quelled concerns about interruptions in Middle East supplies, the conflict between Israel and Hamas this year “has never seriously disrupted supply and led to war premiums.” The fragility of oil prices in geopolitics, coupled with the inability to sustain recent gains, reflects the weakening global demand for oil, signaling continued market volatility in the future.
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Analistler: Ham Petrol Ateşkes Haberlerine 'Aşırı Tepki Verdi'
Gold Ten Data reported on November 26th that crude oil fell sharply after being dumped following news of a possible ceasefire protocol in Lebanon on Monday, and rebounded slightly on Tuesday. Priyanka Sachdeva, senior market analyst at Phillip Nova, said the market’s reaction to the ceasefire news was “excessive.” Although this news quelled concerns about interruptions in Middle East supplies, the conflict between Israel and Hamas this year “has never seriously disrupted supply and led to war premiums.” The fragility of oil prices in geopolitics, coupled with the inability to sustain recent gains, reflects the weakening global demand for oil, signaling continued market volatility in the future.