Call 800 665 0411 to learn about our services for your stock

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS

Share on StockTwits

Oil Prices Retreat Although Geopolitical Tensions Remain

Today market analysis on behalf of Hani Abuagla Senior Market Analyst at XTB MENA


June 25, 2024 ( Newswire) Crude oil started the European session in the red after reaching two-month highs. Prices could remain under some pressure if traders remain cautious ahead of the release of several US economic data later this week, including PCE figures. The latter could affect monetary policy and oil demand expectations. At the same time, geopolitical tensions could remain a potent driver for prices and could support crude as tensions could continue to exacerbate. Ukraine’s recent strikes on Crimea and the Russian response fueled some concerns. In the Middle East, the Israel-Hamas conflict continued unabated despite international mediation efforts, further contributing to market uncertainty in addition to the risks of a larger conflict. Additionally, the upcoming Iranian election could significantly impact crude oil prices, and uncertainty around new Iranian policies could add to the volatility in prices. If the new administration adopts a hardline stance or faces international sanctions, it could restrict oil supply, driving prices up. Conversely, a more moderate leadership open to negotiations might ease sanctions, increasing oil exports and potentially lowering prices.

More Info:

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: Learn more about publishing your news release and our other news services on the newswire

Global investors must adhere to regulations of each country. Please read privacy policy:

Get more Oil and Gas - news, articles, and stock directories

Buy a energy guest post on