Oil prices should drop further as the Iran conflict winds down, which will likely make the Fed more dovish. x.comÂ
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Crude oil should fall back into the $60s and likely well below over time once the Iran war is resolved. Middle East producers are overproducing but cannot export the barrels, so when the Strait fully reopens they will flood the market. Oil tried to break down from its trend line but was rejected, and bigger resolution news is likely needed to push it much lower. Cheaper oil would remove current inflation fears, setting up a deflationary boom. x.com x.comÂ
Crude oil should fall to $60 once the Iran war is over. Oil is at $100 with troops on the ground and the Strait of Hormuz closed, but when the conflict ends rate cuts should follow and the S&P 500, now down 7% this year, should make a stronger comeback. x.comÂ
Oil is going back up rapidly because the Iran conflict is escalating again. x.comÂ
Oil will come down significantly, because Trump will eventually make a deal with Iran and put the conflict to bed. x.comÂ
Crude oil looks headed lower as tanker traffic through the strait nears pre-war levels and Trump makes cheaper oil a priority. Per CNN via @Osint613, the U.S. moved 40 tankers carrying about 18 million barrels through the strait on Tuesday, a daily record since the war began and only slightly below the pre-war 20 million. Once the Iran saga is over, oil will probably be cheaper than before the war. x.com x.comÂ
Oil traders anticipate a resumption of the Iran war after the midterm elections, favoring more upside for crude oil. After a bullish reversal off its 10-week moving average, the odds favor a continuation of the rally to the $110-120 range. x.comÂ
Oil's slide from $120 during the war to $79 should continue as the US-Iran deal, due to be signed on the 19th in Switzerland, reopens the Strait of Hormuz and ends the US naval blockade, restoring choked supply. Cheaper oil lowers US inflation and flips the market from expecting another hike toward rate cuts, lifting risk assets. The deal is only a 60-day MOU, though, and Israel is the problem: if anything blows up, oil rips and the chain runs in reverse. x.comÂ
Oil looks set to fall whichever way the Iran war goes. If it escalates, the US takes over Iran's oil; if it de-escalates, the US says Iran wants to talk. x.com x.comÂ
An imminent Israeli strike on Iran puts Gulf oil infrastructure at unusually high risk over the next three months, supporting a near-term rise in crude oil. Large trades are betting on oil reaching $115 again. x.comÂ
Sustained high energy prices strain US farming, logistics, manufacturing and consumers, so crude oil should fall dramatically from its elevated level. Middle East and Russia tensions are lifting WTI, shown near $103, while Trump will likely step in at some point to reduce uncertainty. x.com x.comÂ