- Oil is trading higher by more than $1/Bbl, as markets anticipate a potential Israeli response
- Concerns that Israel could strike Iranian oil infrastructure have led to higher geopolitical risk premium in crude markets
- The options market continues to retain a bullish bias, with Brent implied volatility near the highest level in almost a year
- China will discuss additional stimulus packages in a press briefing on Tuesday, with expectations for expanded public spending
- Goldman Sachs sees higher Brent prices on escalating Iran tensions (PGJ)
- Goldman Sachs predicts Brent prices to rise in 2025 due to potential Iranian supply disruptions amid heightened Middle East tensions
- Israel pledges to strike Iran after missile attacks following the assassination of a Hezbollah leader
- Brent could rise to $90 if a two million barrels per day disruption is not offset by OPEC, potentially mid-$90s in 2025 with no OPEC intervention
- Brent is expected to trade in the $70-85 range, averaging $77 in Q4 2024 and $76 in 2025 without major disruption
Looking for interest rate charts? We moved them here |