Crude oil prices will continue to fall

Crude oil has been in a downward and volatile trend recently, and the increase in U.S. crude oil production has eased the market shortage. Although the Palestinian-Israeli conflict has played a certain role in raising oil prices, major oil-producing countries in the Middle East such as Saudi Arabia and Iran have not participated in the war and have not jointly reduced production. OPEC+ has reduced production many times since last year, So Middle East oil production cuts are less likely.

If the Arab states and Iran are involved in a war, they may jointly implement oil production cuts or embargoes, which will trigger an increase in oil prices.

Crude oil continues to fluctuate downward, trading in the range of 80-84.5

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Comment:

The short-term target for crude oil is 80

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Comment:

Crude oil has a chance to rise. Saudi Arabia will cut production

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Comment:

77.4

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