The instability of the ceasefire protocol between Israel and Palestine supports the oil price rebound, but the rebound space is limited.

On June 25, as investors paid close attention to the stability of the ceasefire agreement between Israel and Iran, oil prices rose during the Asian session. Investors are also watching talks between the United States and Iran, with the US Middle East envoy calling the talks "promising" and Washington holding out hopes for a long-term peace deal. As fears of supply disruptions have largely dissipated and the prospect of oversupply in the market suggests that there is limited room for oil prices to rise, U.S. and Burkina Aires still fell more than 10% in a single week. Kathleen Brooks, an analyst at EU financial brokerage XTB, said that the current backdrop is unfavorable for oil prices, which is another reason why geopolitics has a short-lived impact on commodity prices.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
Flowergirl34vip
· 06-25 09:23
how we hold or sell
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)